Thread regarding Walgreens layoffs

22.00 USD▼ -3.71 (-14.43%) past month....WALGREENS STOCK

In an effort to boost investor confidence, Walgreens Boots Alliance CEO Tim Wentworth recently purchased more than $240,000 ...

This guy isn't even a good investor either. This stock is falling again under his so called leadership, and the stock for the last five years is at ▼ -50.43 (-69.63%) past 5 years. WHO would invest in a stock/company with those numbers. I guess this so called CEO out of retirement would. But then again that is just house money that he has gotten anyways. Pretty hard working for a company I would think with those returns and numbers and all the disgruntled employees it seems to has.

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| 1211 views | | 3 replies (last January 22, 2024) | Reply
Post ID: @OP+1qFR8vNJ

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Previous Walgreens wage slave here. Just let the ship sink folks. I joke with family and current coworkers that if I bought puts when I started at Walgreens in my 1 year I’d at least be able to cover my merit and bonus that they ripped us all off on hahaha. Fu-k Walgreens

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Post ID: @2fsp+1qFR8vNJ

Mr. Wentworth appears to be the right person for the job if there is any hope of a turnaround for Walgreens. Sure, adding to his WBA stock may be an effort to show faith in the company but that's not unusual. Cutting the dividend may have raised some eyebrows but it was necessary. One of the biggest hurdles to overcome will be employee morale. Walgreens business model depends on maximizing productivity with minimal compensation resulting in high turnover, staffing issues and workplace instability. That will be hard to change. I believe that Mr. Wentworth has good intentions but why anyone would leave a comfortable retirement to try and raise the Titanic is beyond me.

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Post ID: @1rer+1qFR8vNJ

This kind of proves there isn't an actual change to the company that can be done to boost confidence because if there were, he'd do THAT instead.

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Post ID: @1fmn+1qFR8vNJ

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