Ctw Investment Group Urges 'Vote No' Against Cvs/Caremark Directors Headrick & Piccolo
U.S. Newswire › April 23, 2007
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To: LABOR EDITORS
Contact: Michael Garland of Change to Win Investment Group, +1- 212-290-0308See the full content of this document
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Ctw Investment Group Urges 'Vote No' Against Cvs/Caremark Directors Headrick & Piccolo
WASHINGTON, April 23 /PRNewswire-USNewswire/ -- In the attached letter, the CtW Investment Group urges fellow CVS/Caremark shareholders to withhold their votes from former Caremark directors Roger L. Headrick and C.A. Lance Piccolo at the CVS/Caremark Annual Meeting on May 9. The CtW Investment Group also launched a website - - http://www.ctwinvestmentgroup.com/cvsvoteno-- with further information for shareholders.
The CVS takeover of Caremark, which closed three weeks ago, faced strong opposition from Caremark shareholders because the Caremark board signed off on a deal that provided no premium to Caremark shareholders but offered plum jobs, massive personal windfalls and increased indemnification (in connection with apparent stock option backdating) for Caremark directors and officers. Caremark CEO Mac Crawford, already one of the top 10 highest...See the full content of this document
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