Two Things: UNCG chancellor under siege; Pharmacy closing presents difficulties for some [News & Record, Greensboro, N.C.] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
February 2, 2024 Newswires
Share
Share
Post
Email

Two Things: UNCG chancellor under siege; Pharmacy closing presents difficulties for some [News & Record, Greensboro, N.C.]

News & Record (Greensboro, NC)

Feb. 2—Happy Friday. And a busy one at at that.

GREENSBORO — Pity might not be the right word.

Chancellor Frank Gilliam, the embattled leader of the University of North Carolina at Greensboro, will be just fine. His annual base pay, per public reports, sits around $427,000 — more than $534,000 with benefits.

Not bad.

Still, compensation aside, the chancellor has had a rough go these last few months.

Budget pressure driven by a general (and wrong-headed) sense that higher education has somehow become superfluous meant that the G has had to contract some 20 academic programs.

A months-long "academic portfolio review" meant that an array of courses and degrees including physics, Korean and Chinese language programs and anthropology will be cleaved from the university's catalog.

In practical terms, it'll mean job losses for faculty, a ding to the overall prestige of the university and a siege mentality settling across campus.

Protests and rallies cropped up. The Faculty Senate voted to censure Gilliam and Provost Debbie Storrs Wednesday and professors decried the process by criticizing its fairness and transparency.

It's a natural — and predictable — reaction. It's difficult not to sympathize with anyone facing the loss of a job and the students suddenly dealing with uncertainty.

(Those currently enrolled in degree programs will be allowed to finish without having to transfer.)

"Fundamentally this is about the future," Gilliam said. "By better aligning resources with our mission, student and community needs, and competitive demands, we ensure UNCG's academic and financial footing for the next generation."

Painful but true.

As is the fact that the G is, at its core, an affordable commuter school and a regional cornerstone in the alphabet soup — UNCs at Greensboro, Asheville, Pembroke, Wilmington — of what remains a fine public state university system.

It's not Carolina or State, nor should it be.

UNCG, built from The Women's College of North Carolina, has its niche. And Gilliam, operating in a difficult climate, is well aware.

Universities with unmanageable tuition rates unimaginable to those of a certain age fortunate enough to be able work their way through school without crippling debt — quaint notion, that — are under siege by politicians looking to score cheap political points by railing at eggheads and "elites."

As hard as it seems at the moment, Gilliam certainly acted from what he believed was the best long-term interest of the school and the community in a no-win situation.

And as an alumnus speaking only for myself, I say give the man a break.

Store closing cause hardship

The building that until Wednesday housed a CVS pharmacy isn't much to look at architecturally speaking.

It's a squat, standard single-story number in downtown Winston-Salem. A two-panel mural near the entrance adds a splash of color, but for the most part, the building represents form over function, designed to meet its purpose as a retail store.

And for decades it did just that.

Built before the renaissance of American downtowns made urban living retro chic, the CVS mostly served cubicle denizens and the working poor passing through the nearby bus station.

But to folks like George Bell, that particular CVS location was a literal lifeline. And with its shuttering — part of a nationwide consolidation by the drug chain — he's left scrambling.

"I'm epileptic. I can't drive and it's hard for me to get around," Bell said. "I'll manage but getting my medicine will be more difficult for sure."

CVS announced the closing in 2023 in a typically corporate way — via official statement surely vetted by a small army of PR types.

The company deemed the closing of 900 locations nationwide a "consolidation initiative" and said its decision came after a careful process that looked at such weighty matters as local market dynamics, population shifts and "geographic access" points.

"Maintaining access to pharmacy services in underserved communities is also an important factor we consider when making store closure decisions," the statement said.

Mm-hmm.

Odd, but it glossed over the biggest factor in these sorts of transactions: profitability and the bottom line.

Pressure from online pharmacies, Amazon and enormous Wal-Mart moving into the market no doubt played a major role.

And a company like CVS Healthcare, publicly traded since 1996, had to respond. It's far more than a simple neighborhood drug store.

CVS Healthcare is a big corporation that owns CVS Pharmacy, its retail arm, CVS Caremark (a pharmacy benefits manager) and Aetna (a health insurance provider) — a one-stop shop in the modern American health-care industry.

To the little guy who might struggle to balance rent with the cost of prescription drugs, it sure looks (and feels) like shareholder value matters as much as convenient and affordable care.

A guy like George Bell, who moved here from Santa Rosa, Calif.

He gets around by bicycle and the downtown CVS meant ease and convenience for a man who lives on Social Security disability.

His prescriptions have been transferred to the CVS at the corner of Martin Luther King Jr. Drive and New Walkertown Road — a newer, larger location. And getting there won't be as simple as taking a half-mile ride from his apartment off Sixth Street. He'll still take his bike but the volume of traffic crossing MLK will pose additional hazards.

"I'm not wealthy enough for Uber," he said with a laugh. "Not much choice there."

Things change as time marches on; the evidence is all around Bell from his seat at a table in Merschel Park.

Condos, the spanking new Kaleidium children's museum a few yards away and a movable feast of nearby restaurants that have come with the rebirth of downtown testify.

"I can't be all dramatic about it, either," Bell said. "I think about it like this. A lot of other people have it worse than me. I could be in Ukraine or the Middle East."

[email protected]

336-727-7481

@scottsextonwsj

Tags

—

Trade

—

The Economy

—

Medicine

—

Politics

—

University

—

Education

—

Transportation

—

Sociology

—

Business

—

Construction Industry

—

Finance

—

Linguistics

—

Computer Science

—

Armed Forces

___

(c)2024 the News & Record (Greensboro, N.C.)

Visit the News & Record (Greensboro, N.C.) at www.news-record.com

Distributed by Tribune Content Agency, LLC.

Older

CalOptima to cancel contract with OC hospitals that serve homeless and low-income patients [The Orange County Register]

Newer

Two Things: UNCG chancellor under siege; Pharmacy closing presents difficulties for some [News & Record, Greensboro, N.C.]

Advisor News

  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor News

Annuity News

  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
  • Guaranteed income streams help preserve assets later in retirement
More Annuity News

Health/Employee Benefits News

  • Idaho farmers can band together to buy cheaper health insurance through Farm Bureau deal
  • Reed: Can these assets be saved?
  • PacificSource to end Montana operations
  • PacificSource to end Montana insurance operations
  • Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice
More Health/Employee Benefits News

Life Insurance News

  • Kansas official running for governor received $300K in donations before key decision
  • Investigators say C.R. man's life insurance claims for 3 children were fraudulent
  • Shocking death of Kyle Busch renews debate over IUL plan
  • WoodmenLife launches final expense life insurance offering
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet