The company allegedly made more than $5 million in profits and savings from improper wheat futures trading.
The companies bought a six-month supply of wheat in an attempt to lower cash wheat prices, the CFTC alleges.
The companies estimate $1.5 billion in annual cost savings by the end of 2017.
“This is not a broken company by any stretch. But we do need to adapt a turnaround mindset," says CEO John Cahill.
On the verge of acquiring Swiss pharmacy firm Alliance Boots, Walgreen Co. replaces its CFO.
But not in the popular colloquial sense of the term. Forcing companies to disclose the gap between CEO pay and rank-and-file compensation is about as dumb as it gets.
