COVID Stimulus Watch Individual Entry
Recipient Company:
CVS HEALTH CORP
Loan or Loan Guarantee Amount:
$3,253,577
Recipient Details
Ownership Structure: publicly traded (ticker symbol CVS)
Award Details
Award Date: Jul 10, 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:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: CVS Health
Headquartered in: Rhode Island
Parent Sector: retailing
Parent Industry: retail-pharmacies
Employees (prior to pandemic): 290,000
Accountability Issues Since 2010
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%
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