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CEO Pay
At CVS, only the very rich get much richer
At CVS, only the very rich get much richer

At CVS Caremark, it doesn't pay to be really good at your job. The nation's second-largest drugstore chain adjusts its annual raises to how much an employee makes. The higher your salary, the lower your raise. The top workers at CVS stores — those earning the highest hourly wage for their job classification — are "red lined" by the company and receive no raises at all. I can say that because I have my hands on an internal CVS document — the company's 2014 Wage Management Guidelines — spelling out the pay ranges for different positions and caps on raises. ------------ FOR THE RECORD: CVS pay policies: A column in the June 27 Business...

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