However, even as Walgreens tackles the important role of Caring Global Citizen, the company is wrestling with big issues here on the home front. The company is said to be considering a move that will make them a bad corporate citizen here in the US: an inversion. That is, they're considering relocating their company headquarters overseas in name only in order to procure a hefty tax break here in the US.
Edited 8/6 to add: Great news! Walgreens has supposedly put an end to the inversion talk and plans to remain a US corporation!
Nearly 1/4 of Walgreens' nearly $17 billion income is derived from the US government in the form of Medicare and Medicaid patients. In addition, just a few years ago they received around $46 million from Illinois. Yet, Walgreens may undertake this move to save on their tax obligations.
Their move could cost the US government an estimated $4 billion over the first five years, not to mention what it will cost to Illinois.
A vocal, but not necessarily a majority, group of shareholders is said to be advocating for the move. The company needs to hear from stakeholders--US citizens who will be impacted by this move. Thats' where you come in.
As I mentioned, Walgreens has pledged to donate a vaccine to a child in need for each comment left as part of the Shot at Life blogger campaign. I urge you leave a comment on relevant blog posts encouraging the company to leave their headquarters here in the United States. Feel free to copy and paste from this post.
Click here to see a schedule of the Shot at Life blogger campaign. Now let's go save some lives.
Chicago Sun-Times (source of the numbers above)
New York Times