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CVS Corporation Awarded
Hire A Grownup© 2001

               Stephen M. Wing, Director, Government Programs, and Michael V. Ferdinandi,                       Executive Vice President, Human Resources,  receive the Hire A Grownup Award                       2001 for CVS Corporation from 2young2retire co-founders Howard and Marika                       Stone.   Better than 15% of CVS Corporation's over 100,000 employees are 50                        and older, significantly higher than the national average.   

On the occasion of the presentation of the Hire A Grownup Award to CVS Corporation on August 6, 2001, Howard Stone made the following remarks: 

"It is a great pleasure to be here today to present 2young2retire Initiative's first annual Hire A Grownup award to CVS Corporation in recognition of its leadership in establishing a workplace that is diverse, inclusive and aging-friendly.

"We acknowledge your commitment to increase the numbers of mature employees, by recruiting, hiring, training, retaining and promoting people 50 and older. Through your efforts, the representation of this cohort has grown in less than 10 years, from under 7 percent to 15 percent, well-above the national average.  A leading restaurant chain known for recruiting older workers achieved 7 percent.  And at CVS, mature employees are represented across the full spectrum of skills: from pharmacists and store managers to entry level positions.  

"As you may know, 2young2retire.com was founded in 1999 to advocate individual renewal in the post-career life of people 50 and older. We have come to believe that the maturity and skills of our cohort are not only an answer to predicted labor shortages and many of the social problems of the future, but represent an enormous national asset we cannot afford to ignore. The popularity of the site is evidence that we are not alone in this conviction.

"The Hire A Grownup award was created to acknowledge companies and organizations whose vision is consistent with that of 2young2retire Initiative. Hire A Grownup also aspires to:

    1. Take a stand against negative stereotyping of the 50 and older cohort and age discrimination

    2. Bring public attention to the benefits of a diverse, inclusive workplace, and finally

    3. To encourage the 50-plus population to recognize their own value in the workplace, as intergenerational mentors and role models.

"Thank you CVS for being an outstanding model of corporate leadership for this longevity revolution in the 21st Century!"

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