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Teamsters Union Claims Big Win vs. Largest Opioid Distributor
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Nov. 22, 2017 | ADVOCACY | In what is a big win for shareholder activism, and in particular for Teamsters Secretary-Treasurer Ken Hall, stockholders in the nation’s largest opioid distributor, McKesson, voted down the firm’s compensation policies and ordered the board to split the positions of chairman and CEO. The twin moves punished current boss John Hammergren for his failure to halt the company’s role in the opioid scourge. “For the first time ever, shareholders voted to hold a company accountable for its role in the opioid epidemic,” said Hall, a West Virginian whose state has been hit notably hard by the plague. Hall also said the vote “should serve as a warning” to the nation’s other big drug distributors that their shareholders, too, want to hold corporate conduct accountable… Press Associates
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