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At Walgreen, Renouncing Corporate Citizenship

| New York Times

In 2010, he introduced as part of the Dodd-Frank Act the so-called Durbin Amendment — which some people called the Walgreen’s Amendment — limiting the fees that banks are allowed to charge merchants for debit card transactions.

In seeking support on the floor of the Senate, Mr. Durbin told his colleagues that the Walgreen chief had contacted him. “And he told me that when they look at the expenses of Walgreen’s,” Mr. Durbin said, “it turns out the fees that Walgreen’s pays to credit card companies is the fourth-largest item of cost for their business.”

Given all of the benefits Walgreen has received over the years as a United States corporate citizen, it remains curious why Mr. Wasson would seek a new passport.

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