McKesson

McKesson Corporation, based in San Francisco, California, is the largest distributor of drugs in the U.S. According to Hoovers business website, McKesson "delivers prescription and generic drugs, as well as health and beauty care products, to retail and institutional pharmacies throughout the US and Canada. The company is also a major North American medical supplies wholesaler, providing medical and surgical equipment to alternate health care sites, such as doctors' offices, surgery centers, and long-term care facilities."

In 2007, sales were US$93 billion with profits of US$913 million. Top competitors are AmerisourceBergen and Cardinal Health.

Political contributions
McKesson gave $403,000 to federal candidates in the 2006 election through its political action committee - 26% to Democrats and 71% to Republicans.

Lobbying
The company spent $560,000 for lobbying in 2007. Four lobbying firms were used including Ernst & Young and HillCo Partners LLC.

Personnel
Key executives and 2007 pay:
 * John H. Hammergren, Chairman and Chief Executive Officer, $30,973,171 (also exercised $9,169,800 in options)
 * Jeffrey C. Campbell, Chief Financial Officer, $7,465,070
 * Paul C. Julian, Executive Vice President, $12,283,141 (also exercised $11,042,846 in options)
 * Paul E. Kirincic, Executive Vice President, Human Resources
 * Marc E. Owen, Executive Vice President, $4,496,177
 * Pamela J. Pure, Executive Vice President, $6,114,594 (also exercised $3,469,395 in options)

Members of the Board of Directors:
 * M. Christine Jacobs, Also Chairman and Chief Executive Officer Theragenics Corporation
 * Jane E. Shaw, Also a Director of Intel Corporation
 * Wayne A. Budd, Also a Director of John Hancock

Contact details
1 Post Street San Francisco, CA 94104 Phone: 415-983-8300 Fax: 415-983-7160 Web: http://www.mckesson.com

Related SourceWatch articles

 * Pharmaceutical industry
 * Robert W. Matschullat

External articles

 * Henry K. Lee, "Former McKesson CFO Indicted in Fraud", San Francisco Chronicle/CorpWatch, March 31, 2004.