COVID Stimulus Watch Individual Entry

Recipient Company:

CVS Health Corp

Loan or Loan Guarantee Amount:

$4,350,940

Recipient Details

Ownership Structure: publicly traded (ticker symbol CVS)

Award Date: Jun 28, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: CVS Health

Headquartered in: Rhode Island

Parent Sector: retailing

Parent Industry: retail-pharmacies

Employees (prior to pandemic): 290,000

Employment-related Penalties: $100,794,503

Government-contracting-related Penalties: $247,864,230

Environmental / Healthcare / Safety Penalties: $297,164,826

Consumer Protection / Financial / Competition-related Penalties: $94,672,555

Ratio of CEO Pay to that of Median Worker: 790 to 1

CEO Compensation: $36,466,470

Worker Median Pay: $46,140

Total Federal, State, and Local Subsidies: $176,663,665

Federal Corporate Income Tax Rate: 21.0%