Walgreens CEO loses $1.2B in one day

Walgreens Boots Alliance Inc. CEO Stefano Pessina watched his net worth drop by $1.2 billion in one day.

The decrease to $10.2 billion came as company shares fell by the most since August 2014 on Tuesday.

The company announced its 2019 forecast for earnings is roughly flat, down from its previous guidance of 7 to 12 percent growth.

Read more from Bloomberg.