New York -- An SEC filing on Friday revealed that the total compensation for CVS Caremark Corp. CEO Larry Merlo jumped 44% last year to $20.3 million. Merlo’s base salary rose slightly but the major increases came from stock and option awards and...
Woonsocket, R.I. -- CVS Caremark Corp. reported Tuesday that profit for the quarter ended June 30 leaped 18.4% to a record $966 million from $816 million last year, boosted by the contractual impasse between rival Walgreens and Express Scripts. Revenue for the quarter climbed 16.3% to $30.7 billion from $26.4 billion, missing Wall Street’s estimated $31.02 billion in revenue. Front-end same-store sales increased 2.3% for the quarter. CVS has raised its forecast for the full year based on the strength of its performance. “With our stable business and differentiated offerings, we remain very well positioned in the marketplace," said
SHARE: Email Print LinkedIn Facebook Twitter Although CVS Caremarks absolute carbon emissions increased 1.2 percent from 2010 to 2011, when calculated against the retailers overall square feet of retail space operated, emissions actually declined by 3.85 percent. In 2011, the drug chain reported 1,800,500 metric tons of carbon equivalents, up from 1,778,000 metric tons in 2010. In 2011 the company released 0.25 metric tons of carbon per square foot of retail space, a slight decline from 0.26 metric tons per square foot of retail space released the prior year, slightly reducing its carbon intensity, according o the companys newly
WOONSOCKET, R.I. — CVS Caremark outlined succession plans for its pharmacy benefit management business as EVP and COO Jon Roberts will assume the role of president of the PBM business, effective Sept. 1. During the company's analyst meeting in December 2011, Per Lofberg, PBM president, announced his intention to extend his employment agreement with CVS Caremark through December 2013, as previously reported by Drug Store News. On Friday, the company announced that Roberts would assume the role of president of the PBM business in September. He will continue to report to Lofberg. Lofberg will continue to report to Larry