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Jack Lew
Walgreens: The exception that proves the rule [Editorial]
Walgreens: The exception that proves the rule [Editorial]

Today's announcement by Walgreens that it would not seek to move its corporate headquarters (for tax purposes, anyway) out of the United States may well be the exception that proves the rule of an inexorable trend toward so-called "corporate inversion." Though some have speculated that potential customer backlash played a role in Walgreens' decision, the deciding factor seems not to have had anything to do with what President Barack Obama has referred to as economic patriotism but rather an unwillingness by the British firm it is buying to restructure a previous deal in such a way that inversion would withstand IRS scrutiny. Instead, analysts expect the stampede of...

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