TORONTO -- At Shoppers Drug Mart's (SDM's) annual meeting here earlier this month, chairman David Williams, president and chief executive officer Jurgen Schreiber, and executive vice president and chief financial officer Brad Lucow were able to report that despite the recession 2009 was another record-breaking year for the retailer in terms of almost every metric and that the first quarter of 2010 also came through strongly.
Nevertheless, all those present--board members, management, shareholders, financial analysts and financial journalists--were in a mood more sober than celebratory. They were much preoccupied with the recent announcement by the Ontario Ministry of Health …
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