CVS

The downfall of CVS and Walgreens: The impact of flawed mergers on American drugstores

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The downfall of CVS and Walgreens: The impact of flawed mergers on American drugstores

“ Last week saw the departure of CVS Health CEO Karen Lynch from a position that had established her as the most powerful woman in American business, heading a company with a revenue of $358 billion in 2023. The company’s recent poor financial performance and weak profit forecast were the final straws for the CVS … Read more

New leader emerges at CVS following Karen Lynch’s departure, but he is not the CEO

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New leader emerges at CVS following Karen Lynch’s departure, but he is not the CEO

When CVS Health suddenly announced the departure of CEO Karen Lynch and the appointment of David Joyner as her replacement, another announcement followed: “Roger Farah Named Executive Chairman of the Board.” Although Roger Farah may not be a household name, investors should take note of his new role. At 71, he has become the most … Read more