CVS annual meeting voting guide

The annual meeting for CVS Health Corporation will be held on May 13, 2021 at 8:00 AM EDT. Proxy votes must be received by May 12, 2021 to be counted.

Remember:

CVS is very privacy hostile. They aggressively push this Extracare nonsense. To the point where you can't complete a transaction without answering the cashier's incessant "do you have an extra care card?" and "would you like to sign up for one?" every time a customer has the nerve to want to make a purchase. Oh, and a privacy–conscious customer ends up having to pay more than the price on the shelves through CVS's shady bait and switch tactics
One reprieve is to use automated checkout. Years ago the stores had enough self checkout machines and they all took either cash or card. Now when I go into a CVS (which I haven't done in several months, mind you, because I am fed up), multiple machines are out of order, and a few of them have their cash acceptors permanently disabled. Someone who wants to pay cash is SOL.

I was a CVS customer. I am a CVS stockholder (as part of a balanced portfolio) and I exercise my stockholder rights:

Preference for receiving proxy materials: US Mail (support the USPS, costs CVS a few bucks printing and postage)
Preference for sending proxy card: US Mail via the business reply envelope (costs CVS another buck)

Here's the voting guide:

For everything the board recommends voting for, vote against: 1A–1M (election of directors), 2, 3
For everything the board recommends voting against, vote for: 4, 5

Remember to sign and date your proxy card, and place it in the business reply mail envelope that it came with. You may have to insert it carefully so the right parts of it are visible through the envelope windows.

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2 replies (most recent on top)

The Extracare card is a loyalty program EXACTLY like what Walgreens, Riteaid, Sam’s Club, Sephora, Barnes & Noble, Winn-Dixie and hundreds of other companies have.

To the extent that those stores make their loyalty program a topic of conversation for EACH and EVERY purchase, and misleadingly charge a price that is higher than what is on the shelf when you make a purchase without joining, they aren't objectionable. If any of them do, they are in the wrong.

If everyone was jumping off a bridge, would you? No, of course not. That's what your argument sounds like.

It stays private because unlike those other companies CVS does not sell your info - it only stays with CVS.

In an era where even the government agency in charge of retaining background check information for people with security clearances gets breached, what in the sam heck makes you think CVS will do a better job?

The only acceptable thing for CVS to do is to not insist on collecting the information at all. The fact that they really want to collect the information demonstrates how much they care about privacy.

As a customer and stockholder, as well, I am always amazed at how people complain about saving money. I use to not participate in Extracare, for years, and then when I took the time to actually listen to the cashier I gave it a whirl. It has made a significant difference in savings, along with using the coupons they give me I spend less at CVS then I do at Walmart.

This point is a straw man.

Moreover I have to challenge the claim that CVS with this Extracare dance is cheaper somehow. Many of the products I buy at CVS I can buy for less at a local supermarket chain -- that is accounting for CVS's on-shelf pricing (even though CVS actually charges a higher price due to its aforementioned deceptive practice).

If you don’t want to save money - then don’t take advantage of the discount cart and keep to yourself or just shop somewhere else.

How about:

I pay the price that is prominently posted on the shelf, instead of some random higher price,
CVS cashiers stop making this Extracare dance a precondition of me giving CVS money,
I have the right to complain about 1 and 2 here?

I feel like I have probably been behind you in line rolling my eyes while you felt it necessary to complain to the poor cashier.

If your privacy preferences are "to heck with it, let everyone know everything about me," then more power to you. But keep in mind that those are YOUR preferences, and they are NOT universal. If some cashier is harassing someone with different privacy preferences than you, why are you upset at the person with the different preferences? You really should direct your anger at CVS for putting the cashier and the private person in that position.

The Extracare card is a loyalty program EXACTLY like what Walgreens, Riteaid, Sam’s Club, Sephora, Barnes & Noble, Winn-Dixie and hundreds of other companies have. It stays private because unlike those other companies CVS does not sell your info - it only stays with CVS. As a customer and stockholder, as well, I am always amazed at how people complain about saving money. I use to not participate in Extracare, for years, and then when I took the time to actually listen to the cashier I gave it a whirl. It has made a significant difference in savings, along with using the coupons they give me I spend less at CVS then I do at Walmart. If you don’t want to save money - then don’t take advantage of the discount cart and keep to yourself or just shop somewhere else. Sheesh! I feel like I have probably been behind you in line rolling my eyes while you felt it necessary to complain to the poor cashier.

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CVS annual meeting voting guide

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