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At this morning’s annual meeting of Walgreens stockholders, investors delivered a strong rebuke to both the board and management over the company’s continued sales of tobacco and nicotine-based products.
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Investors see the glaring conflict of a healthcare company selling potentially lethal products as a serious risk – both to public health and to the company’s long-term viability – and an egragious lapse in board oversight.

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Investors Say Walgreens, A Health Care Company, Has No Business Selling Cigarettes
Impatient over repeated attempts to engage board around hypocrisy of a health company selling tobacco and nicotine-based products, investors deliver stern rebuke to board at annual meeting.
NEW YORK, NY, FRIDAY, JANUARY 25TH, 2019 – At today’s annual meeting of shareholders of Walgreen’s Boots Alliance (WBA), investors issued a strong challenge to management and the board of directors over their continued sales of tobacco products.
The investors, who are members of the Interfaith Center on Corporate Responsibility, a shareholder coalition advocating for improved corporate performance on social and environmental themes, have been engaging Walgreens’ management for several years on the many conflicts tobacco sales pose for a health care company. Beyond the glaring public health risks, investors say tobacco sales expose the company to significant legal and reputational risks with material consequences that may prove hard to recover from over the long term. At bottom, they see the failure to adequately manage these risks as a failure in

Article From: "Jacob Wolinsky"   Read full article