Hedge World – CtW Investment Group, an adviser to union pension funds, called on Walgreen Co. to provide more details about a change in projected earnings and questioned the U.S. drugstore chain operator’s appointment of an activist investor to its board.
Walgreen has faced pressure from many sides and last month scrapped a plan to move its tax domicile to Europe to save money. It also replaced its chief financial officer in August, two days before it lowered an earnings projection.
