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ryan cooper@ryanlcooper.com |
"I spent a lot of money in that CVS, often multiple times a week, week after week, for years. If I wasn’t their very best customer on the consumer good side, I would like to meet my competition. And they drove me away, while providing me no mechanism to tell them why." itself.blog/2024/06/15/w...
5 replies 28 reposts 90 likes
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C.V. Danes
@cvdanes.bsky.social
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Home Depot is doing this, too, which may alter my shopping there. The problem is these companies are run by people who believe the companies' only purpose is the enrich the shareholders. They hold no other societal function than that.
0 replies 0 reposts 1 likes
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Pat McDermott
@twinsetpat.bsky.social
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This was outstanding. Thanks for providing the link!
0 replies 0 reposts 3 likes
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On-Line Guy
@meetzow.bsky.social
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I think CVS is trying to fake its shareholders into getting out of selling "stuff" at all. They bought a whole insurance company a while back, p. sure they just want to turn into a pharmacy/medical conglomerate but are saddled with all these locations they can't just close, so they're hamstringing
0 replies 0 reposts 0 likes
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Jean Hackman, daughter of Gene
@tmcatee.bsky.social
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The PE piece is a little wrong... the overburden usually comes not from the debt used to purchase the business, but from the debt issued to pay the investor who bought it as a special dividend which usually gives them a nice profit. Investment banks are accomplices. The mob called it a bust out
0 replies 0 reposts 1 likes
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@fredthewonderdog.bsky.social
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I don't understand this either. Paying people to do nothing but run around and open locked cabinets while also reducing checkout staff seems absurd.
0 replies 0 reposts 4 likes