The crime stories (yep, they made a big buzz and media ran hundreds of stories about that one shoplifter in San Francisco) wildly overstated the actual amount of crime. It’s just so interesting that corporate news oversold that story, so much so that a person that didn’t know better would think that was a pervasive thing in urban areas and cities are all hellscapes of disorder and flames.
Meanwhile, shareholders rewarded Walgreens’ management with a boost to stock prices after they reported they’d be pulling out of ‘crime-ridden’ areas. They didn’t leave because of the crime, they left for the stock bump and told the crime story to make it look less-bad
The crime stories (yep, they made a big buzz and media ran hundreds of stories about that one shoplifter in San Francisco) wildly overstated the actual amount of crime. It’s just so interesting that corporate news oversold that story, so much so that a person that didn’t know better would think that was a pervasive thing in urban areas and cities are all hellscapes of disorder and flames.
Meanwhile, shareholders rewarded Walgreens’ management with a boost to stock prices after they reported they’d be pulling out of ‘crime-ridden’ areas. They didn’t leave because of the crime, they left for the stock bump and told the crime story to make it look less-bad