See Post 5 for clarification.
This is about businesses pandering to government and their “initiatives”. Coca-Cola id the same thing with obesity an it killed their stock price. Any CEO who engages in this morality play out to be shown the door.
Okay. I’ll buy that.
With any luck, CVS stock will follow the Coca-Cola route, CVS will see the error of their ways, and they will reverse the decision.
Then this is really about the government and it’s role, right? Corporations exist to produce wealth for their investors; if that involves them pandering to the government, even for things that the government shouldn’t be doing, then they are just acting within their nature.
The way I see it this is how things are supposed to work: CVS is looking at evolving their business model and tobacco doesn’t fit with that. So tobaccois going away. There will still be places where people can buy tobacco, because there’s still a market for it. Hopefully it’ll actually drive tobacco purchasers to their local mom and pop tobaccanist shop.