Rahm's Walgreen cronies now say they're not moving HQ to Switzerland after all
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| Wesson oils Rahm |
INVERSION -- Rahm's union-hating pals and campaign funders at Walgreen's now say they won't re-incorporate in Switzerland as planned. The re-incorporation — in which a company’s headquarters relocates overseas for tax purposes — is called a corporate inversion
With political pressure mounting from the White House down, Walgreen Co. is poised to announce Wednesday that it will keep its corporate headquarters in north suburban Deerfield...Last month, Obama called companies that re-incorporate overseas to avoid taxes “corporate deserters.”It seems like Walgreen CEO Greg Wasson likes to pop into Chicago every once in a while to help Rahm push one or another of his hair-brained corporate school-Schooling in the Ownership Society: Rahm's Walgreen cronies now say they're not moving HQ to Switzerland after all: