With the wage increase and bonus payment, the company seeks to even its pay gap with resurgent rival Target Corp., while simultaneously sending a high-profile thank you to the U.S. government for slashing the corporate tax rate.
A central plank of the $67.5 billion merger of CVS and Aetna is transforming CVS's stores into health hubs where consumers can get care, pick up their drugs, buy some milk, and stay out of the hospital.