CVS has been horrible towards its employees and customers.
For employees, the constant cuts in staffing are unsustainable.
For customers, the concomitant cuts above have decimated service. Moreover, CVS's insistence on enrollment in ExtraCare, and its insistence on maintaining insufficient self checkout machines that accept cash, both are privacy hostile.
I haven't shopped at CVS since 2020 for the above reasons.
I am still a holder of a small number of shares so I have prepared this voting guide:
- Board of Directors: AGAINST all nominees
- On the accountant: No recommendation
- Approve the Company's Executive Compensation: AGAINST (why pay them more?)
- Amend Incentive Compensation Plan to Increase the Number of Shares Authorized: AGAINST (why pay them more?)
- Stockholder Proposal Requesting an Independent, Third Party Work's Rights Assessment and Report: FOR (ordinarily I recommend voting against pro-union activities, but this is CVS we are talking about...)
- Stockholder Proposal to Prohibit the Re-nomination of Any Director Who Fails to Receive a Majority Vote: FOR (ordinarily this is an awkward proposal, but yeah, fire these directors permanently if they lose)
- Stockholder Proposal for a Stockholder Right to Vote on "Excessive" Golden Parachutes: FOR (when they frogmarch the execs out, they shouldn't get massive payouts)
- Stockholder Proposal Requesting a Policy Requiring Our Directors to Disclose Their Expected Allocation of Hours Among All Formal Commitments: FOR (lets hold the directors to task)