Rosalind Brewer, CEO of Walgreens Boots Alliance, is No. 14 on nonprofit shareholder advocacy group As You Sow's list of "overpaid" healthcare CEOs.
The company reported Ms. Brewer's compensation at $28.33 million as of June 30, 2022. The report calculated Ms. Brewer's CEO-to-worker pay ratio of 1,084-1, her excess pay as $14.74 million and a 42 percent shareholder vote against CEO pay.
Ms. Brewer, one of only two Black women running Fortune 500 companies, joined Walgreens Boots Alliance in March 2021.
Walgreens Boots Alliance reported a $3.7 billion net loss in the first quarter of the 2023 fiscal year ending Nov. 30, a significant drop from $3.6 billion in net income over the same period last year.
As You Sow has issued the report on "overpaid" CEOs among the S&P 500 annually since 2015. The nonprofit analyzes CEO pay compared to total shareholder return to calculate excess pay; ranks the percentage of shares that voted against the CEO pay package in the year prior to June 30, 2022; and identifies the ratio of CEO pay to that of the median employee.
The other CEOs of healthcare-related entities who made the list are IQVIA Holdings' Ari Bousbib, Centene's Michael Neidorff, Johnson & Johnson's Alex Gorsky, Cigna's David Cordani, Universal Health Services' Marc Miller, Abbott Laboratories' Robert Ford, CVS Health's Karen Lynch, AbbVie's Richard Gonzalez and Thermo Fisher Scientific's Marc Casper.