Merck BoD changes policy to keep Frazier as CEO beyond age 65

[anonymous]

https://www.reuters.com/article/us-...y-amends-retirement-policy-idUSKCN1M61EU?il=0

(Reuters) - Merck & Co Inc’s (MRK.N) Kenneth Frazier will stay on as chief executive beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEO to retire at the age of 65. Frazier, who turns 65 in December 2019, was named Merck’s CEO in 2011.

 

[anonymous]

Oh great. Merck is sure to rebound now.

 

[anonymous]

https://www.reuters.com/article/us-...y-amends-retirement-policy-idUSKCN1M61EU?il=0

(Reuters) - Merck & Co Inc’s (MRK.N) Kenneth Frazier will stay on as chief executive beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEO to retire at the age of 65. Frazier, who turns 65 in December 2019, was named Merck’s CEO in 2011.

The BoD is saving their Cush and lucrative positions. They’re all buddies feeding each other.They only care about the stock price and their own wallets.

 

[anonymous]

How ironic. The BoD bridging Kenny into continued employment will allow him to continue forcibly bridging countless more employees into early retirement...

 

[anonymous]

It's time Merck showed a real commitment to diversity by making a woman CEO. You don't have to look any further than Sandra Milligan, MD, JD, veteran, pharma experience. What's that you say? She isn't some kind of ethnic minority? Never mind, carry on...