Rite Aid is the third largest pharmacy chain in the US with a history of internal mismanagement and accounting fraud in the late 1990s and early 2000s. It is currently facing threats from unionization efforts and strikes at some stores which are hurting sales. A SWOT analysis showed strengths in size but weaknesses in ongoing financial losses. Solutions proposed include negotiating agreements with unions and improving communication with employees to overcome obstacles threatening the company's standing.
AMM January Meeting presentation by John Kamp, Executive Director, Coalition for Healthcare Communication: "The Current Regulatory and Political Landscape of Pharmaceutical Marketing & Education"
This presentation is intended to educate anyone wishing to distribute a product in Latin America. Although it is healthcare specific, it may be used as a guide for any other products.
Alliance Advisors Newsletter January 2012 (Debating Corporate Political Contr...Alliance Advisors
With a heated presidential election year underway, corporate political spending is expected to be a mainstay of 2012 shareholder campaigns. Following the 2010 Supreme Court decision in Citizens United v. Federal Election Commission, which lifted restrictions on political advocacy by corporations and unions, campaign finance has exploded, particularly through vehicles such as Super PACs and tax-exempt organizations which can raise and spend unlimited amounts of money on political advertising.
This article reviews the main types of political contribution proposals in the pipeline for 2012, along with investor and proxy advisor perspectives, ratings systems, and guidance to issuers.
Innovative Mechanisms for Raising Revenue for the Health Sector in The Domini...HFG Project
This brief presents projections of the revenue that could be collected through five financing mechanisms. This information will support the Government of the Dominican Republic in deciding which mechanisms to implement. It is important to consider that taxes on the consumption of soft drinks, alcohol and tobacco have a twofold advantage because they not only collect resources for the health sector, but they are also associated with a reduction in consumption of these products, thus benefiting the health of the population.
AMM January Meeting presentation by John Kamp, Executive Director, Coalition for Healthcare Communication: "The Current Regulatory and Political Landscape of Pharmaceutical Marketing & Education"
This presentation is intended to educate anyone wishing to distribute a product in Latin America. Although it is healthcare specific, it may be used as a guide for any other products.
Alliance Advisors Newsletter January 2012 (Debating Corporate Political Contr...Alliance Advisors
With a heated presidential election year underway, corporate political spending is expected to be a mainstay of 2012 shareholder campaigns. Following the 2010 Supreme Court decision in Citizens United v. Federal Election Commission, which lifted restrictions on political advocacy by corporations and unions, campaign finance has exploded, particularly through vehicles such as Super PACs and tax-exempt organizations which can raise and spend unlimited amounts of money on political advertising.
This article reviews the main types of political contribution proposals in the pipeline for 2012, along with investor and proxy advisor perspectives, ratings systems, and guidance to issuers.
Innovative Mechanisms for Raising Revenue for the Health Sector in The Domini...HFG Project
This brief presents projections of the revenue that could be collected through five financing mechanisms. This information will support the Government of the Dominican Republic in deciding which mechanisms to implement. It is important to consider that taxes on the consumption of soft drinks, alcohol and tobacco have a twofold advantage because they not only collect resources for the health sector, but they are also associated with a reduction in consumption of these products, thus benefiting the health of the population.
A presentation giving an update on healthcare reform and the marketplace in Mississippi. Discussing a wide range of topics including: Autism, Opioid, Health reform, Prescription Drugs, Air Ambulance and Balance billing.
According to the Canadian Encyclopaedia, crown corporations are ‘wholly owned federal or
provincial organizations that are structured like private or independent companies’. Some of the
most important crown corporations include: the Bank of Canada, the Canadian Broadcasting
Corporation, Canada Post, VIA Rail and many others. These enterprises enjoy some freedom
away from political and government control. For these reason, economists have described crown
corporations as being hybrid entities between private enterprises and government bodies.
Mergers and Acquisitions in the United States: An Overview & Analysis of the ...Manny Sanoja
Mergers and Acquisitions in the United States continue to grow at a velocity never before seen in history. Persistent year-over-year M&A growth has contributed to the rise of the first trillion dollar companies in the United States in the same year: Apple and Amazon . While there are pros as to why companies should grow to exceedingly larger sizes every year, analysts and research suggests that there are still more reasons that mergers and acquisitions not only are a detriment to their own economic health but to overall national economic success. Data extrapolated from current / historical market and today’s financial trends are used to uncover the various pros and cons argued in this essay and touches on the legitimate philosophy that if corporations in the U.S. are deemed too big to fail, then they should also be deemed too big to exist.
lobbying is a part of the public relations. it helps in the promotion of some of the things. political leaders make a great impact in general public through the lobbying. they get their things done through the lobbying. there are some scams done through lobbying like 2g scam etc. it should be used for good not for bad.
Social Media and Health Care: A Global PerspectiveSpectrum
On January 27, 2010, Spectrum and Aurora presented a PRSA webinar on how to leverage social media in a regulated industry.
It is important for the health care industry to begin 2010 with a clear vision for embracing social media. In 2009, health care regulators finally started to address the issue - from the FDA's public hearings to the creation of a digital marketing working group by the UK's Pharmaceutical Marketing Society. There is no denying that consumers are constantly turning to the Internet as a source for health information. As communications professionals, we need to understand the opportunities, challenges and threats of the emerging digital world.
Wall Street predictions are that the big oil companies are .docxMARRY7
>> Wall Street predictions are
that the big oil companies are going
to report big profits this quarter
and thus we can predict something else big.
In editorials, and on Capitol Hill, there will be cries
to have big new taxes on the oil companies.
Oil company executives will be lambasted in big hearings
and the witch hunt will be one.
But wait a second!
The oil companies don't set the world price of oil.
That's set in trading rooms and bank houses in New York
and London by young guys who make zillions each year.
There's absolutely no evidence
that the oil companies are colluding to fix prices
at artificially high levels.
Yes, oil and gasoline prices rose a lot after Katrina.
But that's because producing
and refining capacity fell off drastically
after the storm damage and thus the traders,
sensing shortage, drove up the price.
The oil companies benefitted from this rise in price,
but there have been plenty of times when the prices plummeted
and the oil companies have taken it on the chin.
When the world price of oil falls, pump prices fall too
and they've fallen dramatically since Katrina.
Are the oil companies making obscene profits?
No. As a general rule, they have profit margins far lower
than the big banks or high tech companies
and even below the average of large companies generally.
And anyway, profit is not a dirty word.
This is a free market country.
We're supposed to like profits.
The oil companies and [inaudible] search for more oil,
to refine it, to get it into my car,
and to pay its stockholders a dividend.
Is it bad to pay a dividend to a widow or a retiree?
I don't think so.
And what about this?
When I buy gas and it has to be brought from Nigeria or Libya
or Indonesia and great risk, refined, add huge taxes on it,
and then brought to my gas station, it costs less per ounce
than a bottle of this water that I get at my local grocery store.
Why doesn't anyone mention that?
How about oil executive pay?
Is it criminally high?
Well, it's a lot more than mine, but it's a joke compared
with Wall Street pay and Hollywood pay.
And what the heck does any movie star do that's even remotely
as valuable as powering this whole nation
and keeping the wheels of the nation moving?
I have the sneaking suspicion, that this hatred
of the oil companies is largely for the same reason
that our teenagers hate us, their parents because they're
so dependent on us, they respond with anger.
But senators are not supposed to be teenagers
and neither are newspapers.
Let's get this right.
The oil companies are not our moms and dads.
They're in business to make money.
But they do it fair and square and without them,
we would be in very bad shape.
Strategic Alliances
Chapter Objectives
After reading this chapter, you should be able to
1. Describe strategic alliances, the roles ...
This document brings together a set
of latest data points and publicly
available information relevant for
Healthcare Industry. We are very
excited to share this content and
believe that readers will benefit from this periodic publication immensely.
A presentation giving an update on healthcare reform and the marketplace in Mississippi. Discussing a wide range of topics including: Autism, Opioid, Health reform, Prescription Drugs, Air Ambulance and Balance billing.
According to the Canadian Encyclopaedia, crown corporations are ‘wholly owned federal or
provincial organizations that are structured like private or independent companies’. Some of the
most important crown corporations include: the Bank of Canada, the Canadian Broadcasting
Corporation, Canada Post, VIA Rail and many others. These enterprises enjoy some freedom
away from political and government control. For these reason, economists have described crown
corporations as being hybrid entities between private enterprises and government bodies.
Mergers and Acquisitions in the United States: An Overview & Analysis of the ...Manny Sanoja
Mergers and Acquisitions in the United States continue to grow at a velocity never before seen in history. Persistent year-over-year M&A growth has contributed to the rise of the first trillion dollar companies in the United States in the same year: Apple and Amazon . While there are pros as to why companies should grow to exceedingly larger sizes every year, analysts and research suggests that there are still more reasons that mergers and acquisitions not only are a detriment to their own economic health but to overall national economic success. Data extrapolated from current / historical market and today’s financial trends are used to uncover the various pros and cons argued in this essay and touches on the legitimate philosophy that if corporations in the U.S. are deemed too big to fail, then they should also be deemed too big to exist.
lobbying is a part of the public relations. it helps in the promotion of some of the things. political leaders make a great impact in general public through the lobbying. they get their things done through the lobbying. there are some scams done through lobbying like 2g scam etc. it should be used for good not for bad.
Social Media and Health Care: A Global PerspectiveSpectrum
On January 27, 2010, Spectrum and Aurora presented a PRSA webinar on how to leverage social media in a regulated industry.
It is important for the health care industry to begin 2010 with a clear vision for embracing social media. In 2009, health care regulators finally started to address the issue - from the FDA's public hearings to the creation of a digital marketing working group by the UK's Pharmaceutical Marketing Society. There is no denying that consumers are constantly turning to the Internet as a source for health information. As communications professionals, we need to understand the opportunities, challenges and threats of the emerging digital world.
Wall Street predictions are that the big oil companies are .docxMARRY7
>> Wall Street predictions are
that the big oil companies are going
to report big profits this quarter
and thus we can predict something else big.
In editorials, and on Capitol Hill, there will be cries
to have big new taxes on the oil companies.
Oil company executives will be lambasted in big hearings
and the witch hunt will be one.
But wait a second!
The oil companies don't set the world price of oil.
That's set in trading rooms and bank houses in New York
and London by young guys who make zillions each year.
There's absolutely no evidence
that the oil companies are colluding to fix prices
at artificially high levels.
Yes, oil and gasoline prices rose a lot after Katrina.
But that's because producing
and refining capacity fell off drastically
after the storm damage and thus the traders,
sensing shortage, drove up the price.
The oil companies benefitted from this rise in price,
but there have been plenty of times when the prices plummeted
and the oil companies have taken it on the chin.
When the world price of oil falls, pump prices fall too
and they've fallen dramatically since Katrina.
Are the oil companies making obscene profits?
No. As a general rule, they have profit margins far lower
than the big banks or high tech companies
and even below the average of large companies generally.
And anyway, profit is not a dirty word.
This is a free market country.
We're supposed to like profits.
The oil companies and [inaudible] search for more oil,
to refine it, to get it into my car,
and to pay its stockholders a dividend.
Is it bad to pay a dividend to a widow or a retiree?
I don't think so.
And what about this?
When I buy gas and it has to be brought from Nigeria or Libya
or Indonesia and great risk, refined, add huge taxes on it,
and then brought to my gas station, it costs less per ounce
than a bottle of this water that I get at my local grocery store.
Why doesn't anyone mention that?
How about oil executive pay?
Is it criminally high?
Well, it's a lot more than mine, but it's a joke compared
with Wall Street pay and Hollywood pay.
And what the heck does any movie star do that's even remotely
as valuable as powering this whole nation
and keeping the wheels of the nation moving?
I have the sneaking suspicion, that this hatred
of the oil companies is largely for the same reason
that our teenagers hate us, their parents because they're
so dependent on us, they respond with anger.
But senators are not supposed to be teenagers
and neither are newspapers.
Let's get this right.
The oil companies are not our moms and dads.
They're in business to make money.
But they do it fair and square and without them,
we would be in very bad shape.
Strategic Alliances
Chapter Objectives
After reading this chapter, you should be able to
1. Describe strategic alliances, the roles ...
This document brings together a set
of latest data points and publicly
available information relevant for
Healthcare Industry. We are very
excited to share this content and
believe that readers will benefit from this periodic publication immensely.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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3. RITE AID Corporation - History Mission Statement To be a successful chain of friendly, neighborhood drugstores. Our knowledgeable, caring associates work together to provide a superior pharmacy experience, and offer everyday products and services that help our valued customers lead healthier, happier lives.
4. History(continued) Began in 1958 when Alex Grass incorporated Rack Rite Distributors, Inc 1962: Thrift D Discount Center opened in Scranton, Pennsylvania 1962: U.S. federal legislation repealed the fair trade laws that fixed minimum retail prices on most products 1963-1983: Acquisitions and growth across the US bringing sales in excess of over $1 Billion
5. THEPROBLEM: INTERNAL MISMANAGEMENT & LACK OF COMMUNICATION 1999: Internal investigation reveals undisclosed holdings between the Corporation and original founders, the Grass Family. 1998-1999: Accounting errors and discrepancies reveal losses of $1.06 billion 2003: Martin Grass pleads guilty, and six other former executives are charged with accounting fraud. A civil lawsuit is still pending.
6. Unionization of Rite Aid Closures of over 250 Rite Aid stores nation-wide Company loses money and leading to poor working conditions Formations of unions begin in search of fair contracts and better lifestyle
7. Employee Free Choice Act Employees say Rite Aid is trying to undermine the formation of new Unions. EFCA would allow people to freely join a union and give them the freedom to bargain. Employees state Rite Aid engages in “illegal firing.” EFCA gives employees the right petition without intimidation.
8. ILWU Riots The International Warehouse and Water Union founded in 19th century along the pacific coast by the longshoremen Riots of unfair treatment in Lancaster, California. Strengthen “alliances with other unions for collective bargaining.”
9. “Day of Action” December 15,2010: day of protest to raise awareness of unfair treatment of workers. Protests conducted at 40 different stores through-out 13 states. Lancaster, California center of protests. Revolted that “28 times over the increases of their insurers.” 400 employees in New York left without jobs due to store closures.
11. Strengths Ranked number 100 in the Fortune 500 3rd largest pharmacy in the nation. About 4,800 stores $221 million Revenue increase from 2009 to 2010 (View revenue chart next slide) 67.9% sales from pharmaceutical products and 32.1 % from other over the counter products. Great employee benefits and over 97,000 associates. E Business: www.riteaid.com
13. Weaknesses Lost over $130 million 2010 Has closed about 229 stores. Still plans to close 117as losses double. Darren Beckom:Former –Rite Aid Employee What’s next?
14. Weaknesses(continued) Credibility. Bad reputation after: Rite Aid corporate bust. Accounting scandal revealed. Corporate officers arrested, including CEO Martin Grass. Will stockholders and investors forgive Rite Aidcorporate? Rite Aid has improvedand focused more onbusiness ethics.
15. Weaknesses(continued) Financial weaknesses Rite Aid has lost $79.07 million in the last quarter of 2010. The 3rd largest pharmacy has been reporting losses since 2007. Results that shareholders have no more equity. Rite Aid has a $6.2 billion in long-term debt.
16. Opportunities Advertising and Credibility recognition: Non-for-profit organizations Rite Aid Foundation: Donated $4.9 million to Children’s Miracle Network Donated $50 Thousand to American Red Cross to assist relief efforts in Japan. Awarded grants totaling more than $11 million to about 820 organizations and 488 communities.
17. Opportunities (continued) Financial side: Successfully refinanced around $343 million in loans. Back in the game with NYSE: More potential for prospective Rite Aid investors, and current stockholders/investors. Assessed by consulting companies to improve management. Rite Aid still remains one of the top pharmacies in the nation, being the 3rd largest drugstore.
18. Threats Two types of threats: 1) Internal Threats Dangers that can affect business internally, such as employees, employee turnover, union strikes, debt, management, and so on. 2) External Threats Dangers that the company can encounter from the outside (externally). Examples can include: competition, demand, economy, tax increases, inflation, and so on.
19. Internal Threats(continued) Pharmaceutical products are not the only ones with expiration dates… Unfortunately, union contracts expire as well… Rite Aid’s contract withUnited Food and Commercial Workers (UFCW) Local 880. Contract expired April 2010, still trying to negotiate. UFCW is on strike against Rite Aid Pharmacies. Union strike is telling customers to stop supporting Rite Aid This is has created more negative credibility towards Rite Aid. More than 60% of sales come from pharmaceutical products!
20. Internal Threats(continued) Rite aid is at a $79.04 million loss in last quarter of 2010. (Income statement) Rite Aid Income Statement Quarterly-11/27/2010 Total Revenue: $6.20 BillionGross Profit: $1.64 BillionOperating Income: $63.01 MillionNet Loss: $(79.07) Million
21. External Threats Competitors: None of them have net losses! Walgreens Quarterly Income Statement-2/28/2011Total Revenue $18.50 BillionGross Profit $5.32 BillionOperating Income $1.21 BillionNet Income $739.00 Million Publix Quarterly Income Statement-12/25/2010Total Revenue $6.43 BillionGross Profit $1.80 BillionOperating Income $488.93 MillionNet Income $342.10 Million CVS Quarterly Income Statement-12/31/2010Total Revenue $24.77 BillionGross Profit $5.09 BillionOperating Income $1.77 BillionNet Income $1.03 Billion
22. Proposed Solution Negotiate an agreement that will suit Rite Aid, their employees, their investors, and the union. Rite Aid employees need instruction regarding unions. Improvement in Rite Aid communication towards their employees.
23. Action vs. Reaction Action is faster than reaction! Rite Aid needs to act as soon as possible in order to overcome the obstacles that face Rite Aid with such threats! Rite Aid is still ranked the 3rdlargest pharmacy in the nation! Rite Aid still has potential to act before reaction hits!
24. Conclusion Rite Aid Corporation and other unionized drug stores in the New York area have been offered an agreement by the National Health and Human Services Employees Union. . Rite Aid’s part would be to recognize Union 1199 as the collective bargaining agent if more than half of their employees sign cards expressing their interest to join Union 1199 Rite Aid stands to gain at least $40 million through pharmaceutical sales.