Walgreens Alliance Boots, a major pharmaceutical retailer, employs some 70,000 workers in the UK, many of whom
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Walgreens Alliance Boots, a major pharmaceutical retailer, employs some 70,000 workers in the UK, many of whom earn less than $9 an hour. The company is headed by Stefano Pessina, who spearheaded Alliance Boots’
merger with Walgreens—a deal that increased his personal fortune by $6.6 billion. The company was criticized for locating its headquarters in Switzerland to reduce its tax liabilities in the UK.83 What are the implications of a CEO channeling corporate revenues overseas to avoid tax while paying employees less than the “living wage”?
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Related Book For
Managing Human Resources
ISBN: 9781292097152
8th Global Edition
Authors: Luis R Gomez Mejia, David B Balkin, Robert L Cardy
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