Category: misguided
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Inside CVS and Walgreens’ downturn: How misguided M&A damaged America’s drugstores
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Last week, CVS Health CEO Karen Lynch was ousted from the role that had made her the most powerful woman in American business for years, at the top of a company with 2023 revenues of $358 billion. The company’s poor financial performance last quarter and weak earnings outlook proved to…
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Inside CVS and Walgreens’ downturn: How misguided M&A damaged America’s drugstores
•
Last week, CVS Health CEO Karen Lynch was ousted from the role that had made her the most powerful woman in American business for years, at the top of a company with 2023 revenues of $358 billion. The company’s poor financial performance last quarter and weak earnings outlook proved to…