Rite Aid Corporation: A Drugstore Chain

Common stockholders are the basic owners of a corporation, but few stockholders of large corporations take an active role in management. Instead, they elect the corporation’s board of directors to represent their interests. Board members seldom get involved in the day-to-day management of the company. They establish the basic mission and goals of the corporation and appoint

• Control: An S- Corporation only allowed a small number of shareholders and the shareholders must be

CONTROL- Shareholders do not typically manage the company’s business. Instead a board of directors is elected. The board of directors has direct control over the company. A board member can also be a shareholder.

Alex Grass founded the Rite Aid chain in Scranton, Pennsylvania in September 1962 as a health and beauty store, originally called Thrift D Discount Center. Grass was an attorney and came into retailing on accident. Grass grew up in a family that struggled with money throughout their lives. He grew up during the Depression, so his family went through a lot of tough times. Grass attended The University of Florida Law School and then went on to marry into a wealthy family. Soon he went to work for his father-in-laws grocery distribution company where he served as chairman and chief executive officer. As Grass was working for this company, he noticed the scarcity of health and beauty stores so he decided to open his first store specializing in

My past personal experience would qualify myself as a candidate for the position desired, which a substitute teacher for many reasons. I have been working at the Rite Aid pharmacy for more than two years. I began working as a pharmacy technician then promoted to become a wellness ambassador. A wellness ambassador is an individual that helps a pharmacy manager to booking clinics, increase prescriptions, and promote vaccines on daily basics. My job is mainly based on customer service and reaching out to people in my community. The nature of my job makes every day adventures due to the encountering of new people. Being a sales person has helped to stay positive regardless of situation. I had to develop authoritative skills to take control of some

How important is a "support system" to Rite Aid/Walgreens; there are a few differences between both companies, however, those differences set them apart in policy (Nassar, 2007). In this discussion, we learn how Rite Aid and Walgreens differs in the empowers their staff, secondly, from empirical an eyewitness of a corporate merger and buy up one learns of immediate changes that will be shared in this paper (Nassar, 2007). Lastly, we’ll take a closer look at the support that Walgreens offers their staff management and otherwise (Nassar, 2007).

Walgreen Company is the biggest drug retailing chain in the United States. As of December 11, 2013, the company operates 8,582 stores in all 50 states. Walgreens was founded in Chicago, Illinois, in 1901. Walgreens headquarters are in the Chicago suburb of Deerfield, Illinois. Walgreens offer customer goods and services, plus pharmacy, health and wellness services in the United States through its retail drugstores, Walgreens Health Services division, and Walgreens Health and Wellness division.

I can't remember the last time I visited a Rite Aid, so when I drove by one today, I had to turn around and take a look around. After promising the kids that I'd be right back (that really means pull out your video game devices and have good time). I planned to do a little personal comparison to my local CVS and Wallgreens. My plan was to look around, not shop, but when I found two sister polishes to my Revlon Holo Pearl, I couldn't pass them up. Revlon's top coat effects 'Pink Glaze' and 'Gold Glaze'.

2. The shareholders are one of the

The Directors and officers shall perform the duties enjoined on them by law and the by-laws of the corporation. They act as agents or representatives of the Corporation in carrying out its rights and obligations provided by law. Directors who directed the affairs of the Corporation in bad faith, gross negligence, and those involving a conflict of interest with their duty to the Corporation shall be liable to the Corporation, its stockholders & other persons. The Board of Directors are not justified to purchase the stocks.

The Rite Aid Corporation has under its governance what is called a Senior Vice President of Category Management and Merchandising, the operation of this team is ensure corporate partnership enables to work with the Rite Aid Corporation to get their products in the store (Rite Aid, 2018). The firm has over 400 supplier’s partners in which they in which they call their program the "move forward together," (Rite Aid, 2018). Senior Vice President of Marketing John Learish announced that Rite Aid would present themselves as an independent firm specializing the experience of their customer in the coming years (Rite Aid, 2018). In addition, let us consider a partnership

At this Rite Aid Pharmacy location there are three exits, with one main entrance at the front of the store. The front door to the facility is a motion activated two pane door. The two rear exit doors are metal, swinging outwards with panic bars installed connected to the fire alarm and security alarm. The locks on the front door looks to be a dead bolt lock between the two doors but exact details for any of the entrance or exit doors were not available due to security reasons.

One of the biggest acquisition of the year is the mega-merger between Walgreens and Rite-Aid. In this event, Walgreens acquired Rite-Aid for $17.2 billion split between $9.4 billion in equity ($9 a share representing a 48% premium of the market price) and the rest in debt. This acquisition will not only make Walgreens the largest pharmaceutical chain in the country but will also raise issues with antitrust laws. To further understand this news, we will need to have an overview on Walgreens.

As from now, with the growing economy and the wish to access to capital markets, it’s important to establish some approaches of Corporate Governance.

The principals (the shareholders) have to find ways of ensuring that their agents (the managers) act in their interests.