CVS announced today that is will stop selling cigarettes, which generate $2B in annual sales. The company says the product is misaligned with its mission as a health care company, but then how do they justify the sale of chips, sodas, cookies and candy that cover half the aisles of the store? 69% of Americans are overweight or obese and arguably many more people are dying for related illness than that of cigarette smoke. Whether this annoucement is step one CVS’s larger plan to style itself as a european style pharmacy or just a PR move, it’s unclear if wall street will reward their move. Monica discussed this and more with Al Jazeera America’s Tony Harris.
The Book
The Entrepreneurial Instinct (McGraw-Hill, Sept 14 2012)
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Monica Mehta 