Report: Walgreen CFO pushed out due to forecasting error

|By:, SA News Editor

Walgreen (WAG -0.2%) pushed out former CEO Wade Miquelon and other financial execs due to a $1.1B forecasting error, according to the WSJ.

The group had to reduce a $8.5B projection on pharmacy unit savings by the figure last month.

Higher costs on generic drugs accounted for a good portion of the forecasting misfire.