Walgreens Pressured to Bail on Cigarettes

Two groups filed a shareholder proposal asking the board to review the risks of tobacco sales.

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“We were given several indications over the years that they would be discontinuing the sale of tobacco and are frankly some what mystified as to why it hasn’t happened yet. The resolution is our attempt to have a more focused conversation and invite all shareholders to weigh in on the topic. This effort to shut down that open discussion by blocking a vote at the annual meeting is very discouraging, to say the least.”