Leading The Way
In a previous post, “Do the Right Thing”, I talked about the tone at the top set by leadership which sometimes can fade the focus on the bottom line. A good example of a company setting the tone at the top and taking a stand on health is pharmacy chain, CVS. In a brave move, CVS stopped the sale of tobacco products on September 3rd. It is estimated the decision will cost the company an estimated $2 billion annually, or about 15% of annual revenue.
Larry J. Merlo, CEO of CVS Health, said, “By eliminating cigarettes and tobacco products from sale in our stores, we can make a difference in the health of all Americans.”
CVS Health is clearly leading the way on this one. It will be interesting to see if its competitors follow suit.
