Walgreen CEO Wasson to Retire After Alliance Boots Merger

Julie Hyman discusses the leadership changes at Walgreens, highlighting Greg Watson's retirement and Stefano Pessina's temporary role as acting CEO. Pessina, a major investor and chairman at Alliance Boots, has been working to gain more control at Walgreens since 2012. The partnership between Walgreens and Alliance Boots has been evolving, with Walgreens acquiring a stake in Alliance Boots and Pessina obtaining a 7% stake in Walgreens. The company is now searching for a permanent successor to Watson.

What significant action did Walgreens take in 2012 regarding Alliance Boots?

What percentage stake in Walgreens did Stefano Pessina acquire in exchange for his stake in Alliance Boots?