Pershing Square proposes new Board of Directors

[Anonymous]

NEW YORK--(BUSINESS WIRE)--Pershing Square Capital Management, L.P. (“Pershing Square”) today announced a slate of six highly experienced, independent directors for the board of directors of Allergan, Inc. (“Allergan”). The six members of the slate are: Betsy Atkins, Cathleen P. Black, Fredric N. Eshelman, Steven J. Shulman, David A. Wilson and John J. Zillmer.

“Each member of our slate of nominees is an independent, skilled leader with relevant domain, industry and/or executive management experience. By supporting this slate, Allergan shareholders can ensure that the interests of shareholders will be well represented on the board of Allergan.”

As previously announced, Pershing Square is seeking to call a special meeting of Allergan shareholders. At this special meeting, Allergan shareholders will be able to voice their support for a number of critical matters, including the removal of six incumbent members of the Allergan board, the appointment of the independent Pershing Square slate and certain other actions to improve the corporate governance of Allergan. To that end, Pershing Square will file today revised preliminary solicitation materials with the Securities and Exchange Commission (“SEC”).

Commenting on the decision to offer a slate of seasoned business executives for the Allergan board, Pershing Square CEO Bill Ackman said, “Each member of our slate of nominees is an independent, skilled leader with relevant domain, industry and/or executive management experience. By supporting this slate, Allergan shareholders can ensure that the interests of shareholders will be well represented on the board of Allergan.”

The business executives on the slate bring a wealth of experience leading important enterprises as well as serving as directors of prominent public companies and leading not-for-profit organizations. Each of these executives is also independent of Pershing Square and Valeant Pharmaceuticals International, Inc. (“Valeant”).

biographies in the article...
http://www.businesswire.com/news/ho...are-Proposes-Independent-Slate-Allergan-Board

 

[Anonymous]

I'm all for an independent board. Even if we don't sell out, I think it's needed. There are too many fishy things going on in the top ranks.

 

[Anonymous]

I'm all for an independent board. Even if we don't sell out, I think it's needed. There are too many fishy things going on in the top ranks.

Do you really think this is an independent board that Ackaman is proposing?! It's made of primarily investment folks that will no questions ask approve this shady deal. Geez get a clue

 

[Anonymous]

Considering the age of the "proposed" board I'd like to know who do you think is gonna be the first one to kick the bucket???
Senile people in charge...what do you give Ackman?

 

[Anonymous]

Do you really think this is an independent board that Ackaman is proposing?! It's made of primarily investment folks that will no questions ask approve this shady deal. Geez get a clue

What, compared to the board now? The one that Pyott hand picked and rules w an iron fist? You get a clue.

 

[Anonymous]

Do you really think this is an independent board that Ackaman is proposing?! It's made of primarily investment folks that will no questions ask approve this shady deal. Geez get a clue

You're right of course. But how independent does the board need to be. They only have one job, to vote yes on the merger. After that they will all retire with their very short term gains when the AGN board is dissolved. After that, the Valeant board will rule, so to speak.

 

[Anonymous]

What, compared to the board now? The one that Pyott hand picked and rules w an iron fist? You get a clue.

Your lost man or a paid hack, probably the latter. Allergan, Pyott may have their issues and are far from perfect but compared to what Akcman and Pearson are you have to be kidding?!

 

[Anonymous]

Your lost man or a paid hack, probably the latter. Allergan, Pyott may have their issues and are far from perfect but compared to what Akcman and Pearson are you have to be kidding?!

Exactly- These idiots on these posts who constantly bash Pyott are fools. The board is an independent board, appointed with diverse backrounds for the purpose of fair, unbiased, thoughtful proposals. The people that bad mouth them are the people who are still pissed off cause lap band was eliminated. The worst thing that could happen is some guy who owns 9.7% hand picks his cronies for the benefit of his pocket book which is Ackman! NOT PYOTT!

 

[Anonymous]

Exactly- These idiots on these posts who constantly bash Pyott are fools. The board is an independent board, appointed with diverse backrounds for the purpose of fair, unbiased, thoughtful proposals. The people that bad mouth them are the people who are still pissed off cause lap band was eliminated. The worst thing that could happen is some guy who owns 9.7% hand picks his cronies for the benefit of his pocket book which is Ackman! NOT PYOTT!

Whatever man! No one cares! Pyott has screwed us over the years and we don't care anymore. Just waiting for Valeant to get rid of us of pay us severance.

 

[Anonymous]

i can't wait to be valeant. bring it on b'itches

 

[Anonymous]

...seriously...

That's what your career/happiness is worth to you, a 2 month severance? ... entitled fools with no concept of business.

 

[Anonymous]

Your lost man or a paid hack, probably the latter. Allergan, Pyott may have their issues and are far from perfect but compared to what Akcman and Pearson are you have to be kidding?!

**You're

 

[Anonymous]

Whatever man! No one cares! Pyott has screwed us over the years and we don't care anymore. Just waiting for Valeant to get rid of us of pay us severance.

Severence????????? Good luck seeing that from VRX. They don't have to give you shit! Keep wishing for this and the tragedy affects thousands of lives and families you dipshit! You couldn't be a bigger fool!

 

[Anonymous]

Your lost man or a paid hack, probably the latter. Allergan, Pyott may have their issues and are far from perfect but compared to what Akcman and Pearson are you have to be kidding?!

How much is pyott paying you to post this crap?

 

[Anonymous]

How much is pyott paying you to post this crap?

Get a clue moron!

 

[Anonymous]

Severence????????? Good luck seeing that from VRX. They don't have to give you shit! Keep wishing for this and the tragedy affects thousands of lives and families you dipshit! You couldn't be a bigger fool![/]

VRX does not have to but it will. They gave Medicis people decent packages. I get that you are stressed and worried about you job. Truth is you and I have no control over this. Just make the best of it. Also, you are a total dipshit for using language like that.

 

[Anonymous]

Exactly- These idiots on these posts who constantly bash Pyott are fools. The board is an independent board, appointed with diverse backrounds for the purpose of fair, unbiased, thoughtful proposals. The people that bad mouth them are the people who are still pissed off cause lap band was eliminated. The worst thing that could happen is some guy who owns 9.7% hand picks his cronies for the benefit of his pocket book which is Ackman! NOT PYOTT!

You obviously do not know the inner workings of allergan at upper levels. Do you know who the allergan board members are? Does not appear that you do. Get educated. Your lack of knowledge is harming you.

 

[Anonymous]

Severence????????? Good luck seeing that from VRX. They don't have to give you shit! Keep wishing for this and the tragedy affects thousands of lives and families you dipshit! You couldn't be a bigger fool!

First, you do not know anything about what happens through a valeant take over or buy out. You are only parroting what you've heard instead of syating facts.

Second, valeant has paid quite decent severance packages. And, in comparison to the packages that Allergan has paid, they are even better.

Allergan has been a takeover target for a good while, contrary to what management has spouted off to you. No matter what company buys us, there WILL be cutbacks in personnel. In fact, if Allergan is not sold you will see cut backs-they already started. Lap band -gone. Eye care-drastic cuts with more in store.

It's people like you, posting nonsensical garbage that is hurting more than helping. Discord is what they need and you and the likes of you are giving it to them.

 

[Anonymous]

First, you do not know anything about what happens through a valeant take over or buy out. You are only parroting what you've heard instead of syating facts.

Second, valeant has paid quite decent severance packages. And, in comparison to the packages that Allergan has paid, they are even better.

Allergan has been a takeover target for a good while, contrary to what management has spouted off to you. No matter what company buys us, there WILL be cutbacks in personnel. In fact, if Allergan is not sold you will see cut backs-they already started. Lap band -gone. Eye care-drastic cuts with more in store.

It's people like you, posting nonsensical garbage that is hurting more than helping. Discord is what they need and you and the likes of you are giving it to them.

Valeant actually went out of their way to pay minimal severance packages when they bought and fired most/all of Medices personnel.

The biggest problem with you guys that are killing Allergan is you are acting as if Valeant is doing what any other pharma company would do, which is dead wrong. Valeant's goal here is not long term sustainability or changing the paradigm in Pharma they are about making a quick buck. If they weren't they would not be colluding with hedge fund managers to accomplish this. This is a much bigger societal problem then Pyott's yes men board or even his own greed. You really need to educate yourself on Valeants financials, Bill Ackman, Activist Investors, and wall street malfeasance all together to get a better scope of what's actually going on here and how any way you slice this Valeant/Ackman are dead wrong and are close to criminal activity with their behavior.

 

[Anonymous]

Agreed. Some of you guys are seriously shameless. Work at a company you apparently hate and pretend to know anything about the BoD all for a two month league-minimum severance. I love allergan - because they treat me well - because I work hard and do good instead of being entitled and negative