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Walgreens Faces Financial Pressures and Leadership Transition
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Walgreens under new CEO Wentworth continues to sell off distributor stake for $674 million, reducing its stake to 15%. The company faces financial pressures and downgrades in credit rating. Walgreens cancels corporate bonuses and reduces bonuses for store and pharmacy managers. The company appoints a new CIO as part of its leadership transition.
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How will the new CIO contribute to Walgreens' focus on expanding healthcare delivery services and improving the digital experience for customers and patients?
How will the reduction in stake in the distributor impact Walgreens' financial position?
What are the potential consequences of canceling corporate bonuses and reducing bonuses for store and pharmacy managers?
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