Accounting paper (CVS analysis)

Essay by Roderic976University, Bachelor's May 2004

download word file, 6 pages 3.9

Basic Summary

CVS is a retail corporation that sells prescription drugs and general merchandise products, including over-the-counter drugs, greeting cards, film and photo-finishing services, beauty products and cosmetics, seasonal merchandise and convenient foods. It sells these products through retail locations throughout the U.S. and on line through

Corporate Structure

CVS has a board of directors that is responsible for directing and providing oversight to the management of the corporation. They act in the best interest of the shareholders and consistent with good corporate citizenship practices. The board selects and appoints the top management team, provides oversight for financial reporting and legal compliance, determines governance principles, and implements policies.

Together, the board and management determine the corporate operating values and code of conduct. They also are responsible for setting the strategic direction and priorities. The key person is Thomas M. Ryan. He is both the head of the board and the head of executive management.

He has been with CVS since 1978.

Executive Officers

Thomas M. Ryan- Chairman of the Board, President and CEO

Chris W. Bodine- Executive VP of Merchandising and Marketing

Larry J. Merlo- Executive VP or stores

David B. Rickard- Executive VP, CFO, CAO

V. Michael Ferdinandi- Senior VP of HR, CLO, President of CVS Reality

Larry, D. Solberg- Senior VP of Finance and Controller

Board of Directors

Thomas M. Ryan- Chairman of the Board, President and CEO

W. Don Cornwell-Chairman of the Board and CEO Granite Broadcasting Corp

Thomas P. Gerrity- Prof. of Management Wharton School of Business

Stanley P. Goldstein- Retired; Formerly Chairman of the Board and CEO of CVS

Marian L. Heard- President and CEO United Way Mass. Bay and New England

William H. Joyce- Chairman of the Board and CEO Hercules Corporation

Terry R. Lautenbach- Retired; Former Senior VP International Business...