CVS, Cigarettes, and CSR

business_ethics_highlights_2Last year, pharmacy chain CVS stopped selling cigarettes. Does this count as a move toward corporate social responsibility? What if you believe that the move was a strategic one, intended to boost the company’s image as a healthcare giant? >>>

LINK: How CVS Quit Smoking and Grew Into a Health Care Giant (by Hiroko Tabuchi for NY Times)

…Even before the Affordable Care Act created millions of newly insured customers in the almost $3 trillion health care industry, CVS saw that there were more profits to be made handling prescription drugs than selling diapers. But while its transformation from drugstore to health care company began a decade ago, CVS has more recently taken on a new advocacy role, that of a public enemy of cigarettes…..

What do you think?


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