McKesson, the largest pharmaceutical distributor in North America is retaliating against its Lakeland employees,. The company hired a union-busting law firm and has threatened and intimidated the workers rather than agree to wages they can live on.
The San Francisco-based pharmaceutical distributor is a poster child for corporate greed and corruption.
Accused of stealing from taxpayers and payors by fixing drug prices, it had to pay nearly $1 billion in legal settlements. Then the board allowed CEO John Hammergren to loot the company of roughly $50 million a year, with a pension estimated at $159 billion.
Tomorrow, McKesson will also face an investor backlash inside the shareholder meeting over the company’s excessive executive pay practices and poor corporate governance. The Change to Win Investment Group has called for a vote against Hammergren – as well as two other board members – because of the company’s pay practices and financial and reputational risks arising from widespread price fixing allegations.
Rome Aloise, Teamsters international vice president and president of Teamsters Joint Council 7, said it's no wonder health care costs are rising.
Teamsters won’t stand by while McKesson fleeces workers, investors and the American public.Stay tuned.