Walgreens continues pay hike freeze for senior U.S. executives

April 15, 2015 6:29 PM

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Walgreens continues pay hike freeze for senior U.S. executives

CHICAGO (Reuters) - Walgreens Boots Alliance Inc will continue to freeze salary increases for senior U.S. executives as part of plans to cut costs by more than $1 billion over three years, the drugstore chain said on Wednesday.

"We have been doing this since August ... In November our senior leaders did not get an increase," Walgreens spokesman Michael Polzin said at an analysts meeting in New York.

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