Based on the situation at Rite Aid, the title that jumped out at me as being the most appropriate comes from the Credence Clearwater Revival song "Bad Moon Rising." Primary among the efforts of removing Rite Aid leadership is a group of shareholders that control 33,247,675 shares of stock and who recently launched a website with the title 'Right Rite Aid - Operation Transformation'. I have also received copies of emails from investors that have been sent to Rite Aid's leadership expressing their frustration at the lack of communication from Rite Aid's senior leaders. To make matters worse for Rite Aid, the United Food and Commercial Workers Union (UFCW) launched a boycott of Rite Aid stores in Southern California, one of Rite Aid's largest markets. In an attempt to gain a better understanding of what is actually going on behind the scenes at Rite Aid, I submitted a request to interview John Standley, CEO of Rite Aid.

Source: Forbes September 09, 2018 13:06 UTC