Starboard stakes

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Read the article in Financial Times. I agree with the last statement in the article, Albert’s got to go

Read and D’Amelio are tired of their hoard of options going down the crapper
 






I will thoroughly enjoy seeing this company dismantled and the part sold off. A Carl Icahn- type CEO would have done this years ago. The only thing more appropriate for the sociopaths running this place would be getting stripped of their wealth and thrown in prison. I've never seen a worse example of greed, hubris and corruption. All these threads about AB, Tess, you name it are all true. Scum of humanity.
 






Apparently, the board got to Read and D'Amelio. Cut them a deal, maybe re-state their options so they get set to current levels? Just speculating but they sure ducked out fast. Disappointed that they folded.

PFE giving up nearly 3% on the news shows that wall street wants to force a change and will not keep money in PFE when there are MUCH better operated options
 






anonymous said:
Apparently, the board got to Read and D'Amelio. Cut them a deal, maybe re-state their options so they get set to current levels? Just speculating but they sure ducked out fast. Disappointed that they folded.

PFE giving up nearly 3% on the news shows that wall street wants to force a change and will not keep money in PFE when there are MUCH better operated options
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In their statement, they now say they support AB, the leadership and direction. Sold out. Enjoy your millions while the company you used to love swirls in the bowl
 












Starboard Value alleged that Pfizer officials threatened legal action against two former top executives who had been working with the activist investor to push for changes at the drugmaker, Reuters writes.
 












anonymous said:
Read the article in Financial Times. I agree with the last statement in the article, Albert’s got to go

Read and D’Amelio are tired of their hoard of options going down the crapper
Click to expand...
Yes AB has a long list of bad moves - all the BD deals that went up in smoke or missed opportunities, continuous reorgs and unengaged internal teams, U turn on every initiative after 3 mths, loss of reputation in the eyes of the employees, public and investors etc - and so must go.
However not sure about Ian and Frank either - Yes created a period of stability and raised the stock from 12 to 30 but did not plan for LOE in the later part of the decade, nearly overpaid by 70-80 billion to buy Allergan for tax inversion - would have been such a disaster had Uncle Sam not shut down the deal - and a year later Abbvie or someone bought Allergan for half of what Ian and Frank would have paid.
 






anonymous said:
Yes AB has a long list of bad moves - all the BD deals that went up in smoke or missed opportunities, continuous reorgs and unengaged internal teams, U turn on every initiative after 3 mths, loss of reputation in the eyes of the employees, public and investors etc - and so must go.
However not sure about Ian and Frank either - Yes created a period of stability and raised the stock from 12 to 30 but did not plan for LOE in the later part of the decade, nearly overpaid by 70-80 billion to buy Allergan for tax inversion - would have been such a disaster had Uncle Sam not shut down the deal - and a year later Abbvie or someone bought Allergan for half of what Ian and Frank would have paid.
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Look, Ian and Frank are already multi-generational rich, and AB is their hand-picked guy. Do you really think the two of them give a rats-ass about the way the organization is run? They have already cashed out and are just figure-heads on the board...they really don't care. The ship is sinking on someone else's watch. And, as far as BD deals, AB was not a big fan of those, so nut much effort was put into them. Arrogance has been a company trait for many years...hard to change that trait. Bold Moves 3.3 explains the trajectory of the stock price.
 












In all my years in the industry, I never experienced the degree of arrogance, hypocrisy and ineptitude that I saw in this company. Tons of people with high educational degrees and no common sense. Dealing with them was a nightmare. The unfortunate part was how pervasive it was throughout the entire company. Clueless management. Millions of dollars wasted on meaningless projects. Company course and directional changes with idiotic mantras. Each one more ridiculous than the previous. Barring some major miracle, it will take years before Pfizer will recover. No matter what happens, senior leadership will walk away with millions. Everybody else will have to accept useless stock options and plan other ways to afford retirement financial security.
 






anonymous said:
I will thoroughly enjoy seeing this company dismantled and the part sold off. A Carl Icahn- type CEO would have done this years ago. The only thing more appropriate for the sociopaths running this place would be getting stripped of their wealth and thrown in prison. I've never seen a worse example of greed, hubris and corruption. All these threads about AB, Tess, you name it are all true. Scum of humanity.
Click to expand...
Please include TG in your scum list!
 






anonymous said:
Apparently, the board got to Read and D'Amelio. Cut them a deal, maybe re-state their options so they get set to current levels? Just speculating but they sure ducked out fast. Disappointed that they folded.

PFE giving up nearly 3% on the news shows that wall street wants to force a change and will not keep money in PFE when there are MUCH better operated options
Click to expand...
Read was inspired by the Pfizer Global DEI Summit dancers and D’Amelio got an earful from the Chief People Experience Officer. They are now convinced that PFE is on the right track and ready to soar with investors!!
 






anonymous said:
Read was inspired by the Pfizer Global DEI Summit dancers and D’Amelio got an earful from the Chief People Experience Officer. They are now convinced that PFE is on the right track and ready to soar with investors!!
Click to expand...
Global Summits and nonsensical names for non revenue roles are not the ideal path for a company down 50% in value. Starboard has a lot of work to do to break through the inane mindset at PFE
 






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