Thread regarding CVS layoffs

Love all the experts that come here with all the answers yet most of you can’t even do your own jobs right let alone run this company. Most of the people I work with have no interest in getting anything done so these layoffs don’t surprise me.

Larry Merlo was the worst! We need Mark Bertolini back to turn this ship around

You already posted this on Reddit. Water is wet.

In 2017-2018, CVS was widely viewed as one of America's best run companies.

Um. No. Not even close.

Maybe if you rewind the clock all the way back to 1997-1998.

Some of the past executives were some of the brightest executives I have ever had the privilege of having known and worked with. Tom Ryan, Jon Roberts, Helena Foulkes, Dave Denton, KJ Payette, Lisa Bisaccia, Josh Flum, Scott Baker, Hanley Wheeler, KJ Payette, Will Abbott, and Mitch Betses. Phenomenal leaders. Some of the others I never had the opportunity to interact with.

I never cared much for Steve Gold. He was unrealistic with his 100% compliance at all times rule, yet believed that it was okay to have end of life systems.

@pbw+1uPZ3KZB Except Larry did not care about employees at all. The understaffing of stores and pharmacies started with Larry. At least Tom cared about the people underneath him, and stores had better staffing and hours and more flexibility with scheduling.

Point is pretty right. I was with Caremark when bought and yes Caremark was bought by CVS but the new CEO was the Caremark guy. It seems it was a way to pay him off as he retired after a year.
Then we had Tom Ryan. Tom may have been nice but he blew an earnings call announcing a big Caremark sale that was well known to have not happened.
And along comes Larry Merlo. He had Helena Foulkes and she ran the stores well until she left to run some department store, run for governor and whatever.
I have worked, though not closely with Jon Roberts, Helena Foulkes, Troy Brennan, Alan Lotvin and most were pretty good.
Now we have Karen and when discussing her 'pretty good' only shows up with 'sure not' before it.

Personally CVS started to go downhill when Larry took over. He may have grew the company, but he did so at the expense of the little guy at the bottom. Working conditions were much better under Tom Ryan.

I think y'all missing the original poster's main point. She/he was saying that when CVS bought a smaller company - and EVERY ONE of CVS's top 20 executives left - it was going to make for a sh*t show.

I don't know anything about the contract, but the notion CVS might have been bought out by a conglomerate is, as my daughter says, ridic. They were Fortune #7 at that time. Who was going to buy them, Walmart? Amazon? Exxon Mobile? Apple? UHG? You are being silly...

You thought CVS bought Aetna? Not what happened go look at the contract again. Try it was a move so neither would be bought out by a Conglomerate.

The Board should fire Karen Ly--h and ask Larry Merlo to come out of retirement. He turned what was essentially a company of convenience stores with pharmacies in the back into a true health care giant, with a $100 stock price.

And? What’s your answer to the problem?