McKesson Board Turns Blind Eye to Shareholders

Teamster Proposal Seeking Investor Approval of 'Golden Coffins' Garnered 51
Percent of Votes Cast For or Against; Union Calls on Board to Stop Hiding
Behind Technicalities and Follow Will of Investors

WASHINGTON, Oct. 30 /PRNewswire-USNewswire/ -- In a quarterly report released
this week McKesson Corporation (NYSE: MCK) said that a Teamsters General Fund
shareholder proposal that was supported by 51.4 percent of the actual
responding votes cast for or against was not approved at the company's annual
meeting of shareholders on July 22, 2009.

The proposal, which sought shareholder approval of "golden coffin" agreements
that provide payments or awards after a senior executive's death, did not
reach the level required for approval because abstentions were counted as
votes against in the final vote tally, explained the company.

"McKesson shareholders clearly support this common sense proposal, and the
company should honor the shareholders' will and adopt it," said Teamsters
General Secretary-Treasurer C. Thomas Keegel. "The Board of Directors needs to
accede to the will of its investors and not allow a voting technicality to
defend egregious pay packages that go directly against pay-for-performance."

According to McKesson's 2009 proxy statement, the heirs of CEO John H.
Hammergren would receive posthumous benefits estimated at $25 million to $39
million in the event of his death. These benefits do not include the estimated
$79.7 million that his heirs would receive under the Executive Benefit
Retirement Plan.

"Mr. Hammergren took home $29 million in total realized pay last year alone
and has ample opportunities to provide for his estate. We believe
shareholders should have a say in whether they're saddled with payments made
without receiving any services in return, and clearly our fellow McKesson
shareholders agree," Keegel said.

In the final vote tally, 107,598,016 votes were cast for the Teamsters'
proposal, 101,659,126 votes were cast against, 6,066,692 votes abstained, and
there were 23,724,672 broker non-votes. Broker non-votes had no effect on the
vote results.

Founded in 1903, the International Brotherhood of Teamsters represents 1.4
million hardworking men and women in the United States, Canada and Puerto
Rico.

SOURCE International Brotherhood of Teamsters

Galen Munroe of the International Brotherhood of Teamsters, +1-202-624-6911,
gmunroe@teamster.org