Workers, Investors Demand Accountability from Board of Directors,
Express Anger over Employee Intimidation, CEO Pay and Price Fixing
July 31, 2013
/PRNewswire-USNewswire/ -- Teamsters from across the country protested today outside the annual shareholder meeting of
-based McKesson Corporation [NYSE: MCK],
leading pharmaceutical distributor.
in revenues last year, yet it hired a union-busting law firm and threatened and intimidated its workers in
, who voted for Teamster representation. After more than a year, McKesson has still not agreed to a first contract that provides fair wages and affordable health care for its
workers. McKesson workers in
are represented by Teamsters Local Union 79.
Meanwhile, McKesson's board of directors has lavished Chairman and CEO
with a total compensation of roughly
per year, including a pension with an estimated value of
"While Mr. Hammergren enjoys the fruits of our hard work, our families are struggling to make ends meet," said
, a 10-year McKesson employee from
. "Because nearly a third of our month's wages are deducted to pay our families' healthcare, most of us can't afford health care at all."
"It's a disgrace that a multi-billion dollar health care corporation that profits off of the billions of dollars in prescription drug purchases made by Teamsters and their families each year can find tens of millions for the boss, but won't provide a decent standard of living for their front line employees," said
, Teamsters International Vice President and President of Teamsters Local Union 79.
, Teamsters Warehouse Division Director said, "McKesson Teamster members from 13 local unions across
have put the company on notice that an injury to one Teamster is an injury to all. If McKesson wants to wage war on its
workers, it's going to find itself fighting all of us."
Inside the shareholder meeting, Vice President Wood demanded that the McKesson board take swift action to stem the escalating labor dispute in
and to get labor relations back on track.
McKesson also faced an investor backlash at the meeting, over the company's excessive executive pay practices and poor corporate governance.