I’m sure everyone at the support center (corporate) saw the email from Ginger about no merit raises this year (among other things). This is probably Walgreens way of having people leave on their own, versus having to give severance for layoffs…
There are not going to be any bonuses this year also
In connection with her appointment as Interim Chief Executive Officer, on September 20, 2023, the Company and Ms. Graham entered into an offer
letter, effective as of September 1, 2023, pursuant to which Ms. Graham will receive a base salary payable at a monthly rate of $820,000 beginning
October 1, 2023. In connection with the commencement of her service, Ms. Graham will receive a special cash payment of $2,500,000. Ms. Graham
will be eligible to participate in the Company’s health, welfare and retirement benefits offered to similarly situated employees as well as use of the
corporate jet for all business and personal travel pursuant to the Company’s executive security policy, and will be offered temporary housing and
relocation benefits consistent with Company policy. Ms. Graham will also be bound by confidentiality, non-solicitation, and non-competition restrictive
covenants
The $375k/mth til the end of Feb is to carry the Barista to her 3yr mark so she can collect her full sign-on bonus: $24mil.
How much do you make in a month? In 3 years?
It’s time for WBA’rs, from the stores to the trucks to corporate, to organize a ‘sickout’.
Cough cough. Can’t come in boss. Cough cough. Might be contagious!
DISGUSTING what they’re continuing to give this overpaid Barista… all bc THEY judged her by the color of her skin, not the content of her character.
Nope. Nope nope nope.
Someone who doesn't know jack about anything praising Walgreens for pay raises at the beginning of August.
https://peacestation7.com/walgreens-pay-raise-2023/
Demoralizing
Another 3 weeks before they tell all no bonuses either. Maybe there is hope the corporate diversity goal is met.
Pessina does not own 73% of the shares it is more like 17% but he is still the largest percentage stock holder just Googling something does not always give you the correct answers
Stefano Pessina is the largest individual Walgreens Boots Alliance shareholder, owning 637.64M shares representing 73.86% of the company. Stefano Pessina's Walgreens Boots Alliance shares are currently valued at $14.30B
Ya think this so called business man or phony one would want to make money and not lose nearly 60% in the last five years, yet instead drives down a company beyond believe and losing employee morale (of what there even was) beyond believe. From $100 billion in walgreens net worth now $19 billion in just eight years, that's what now has happened to this company. To even listen to this guy or anyone else after what they have done to this company is comical, but even more sad for its employees.
Wouldn't be surprised if Walgreens was indeed trying to get people to quit in order to avoid paying severence. No matter how long you've been with the company or how dedicated you are, Walgreens wouldn't think twice about screwing it's employees out their severence if they can. Just par for the course for this company.
To pay a so called CEO $375k/month to advise and consult after you get rid of her(realizing that amount a month for a few months to get her to three years at the company, is more than a person will make in their lifetime. Who does that.... paying someone to consult when that person was the so called leader tanking the company...... And hmmmmmmmmmmmmm why would they do that? obvious aint it.
This company is cash strapped. Why are they selling the stock they got from buying a majority stake in Amerisource Bergen? Analysts on Wall Street are starting to see this that is why the stock price is so low now. Also corporations are starting to face backlash from the everyday workers because the pay for CEOs is out of whack and instead of investing in the company they are buying back stock to prop it up more and more. People complain about Biden being senile and Pessina is just as old if not older than him but he is the person making decisions for this company.
So many people are leaving this company...whether it be corporate or store environment and why wouldn't you. People are getting raises all over the place in other companies during this inflation cr-p, yet walgreens does nothing except pay BILLIONS in fines for their corruptness and lies and pay those do good nothings at the top of the company. The stock price should tell you all you need to know. You deserve better as do your families. I hope more of you wake up and leave.
why should the staff suffer with no increases they did not make to decisions to buy so many places at once and go deep in the hole, take 9 million and pass that around to the staff.
Any word on AIP bonuses?
Plus 9 million for Roz….
The so-called ‘severance packages’ were nothing but a few months’ hush money & veiled threats.
Unless you’re Roz. Then you get $375k/mth to advise and consult on how to cripple a once thriving company in record time🙄🙄🙄