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James A. Skinner

Walgreens chairman: We were 'whipping boy' for President Obama

Walgreens chairman: We were 'whipping boy' for President Obama

The executive chairman of Walgreens Boots Alliance on Thursday criticized the Obama administration for turning a corporate tax-saving tactic into a political issue last year, which may have harmed the company's image. James Skinner told shareholders at the company's annual meeting in Chicago that Walgreens and other U.S. companies that considered moving their legal headquarters to lower-tax countries were used as "whipping boys" to further President Barack Obama's agenda. As part of its acquisition of Switzerland-based Alliance Boots last year, Walgreens considered reincorporating in a tax-friendlier country in Europe. The largest U.S. drugstore chain decided...

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