Anonymous
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Anonymous
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The one name you don't see in this article is Ed Pratt. He was responsible for the strategy thru the 80s and early 90s that begat huge leaps in profitability (diflucan, cardura, procardia xl, norvas , zoloft...). By the time Steere took over, the company was on an incredible trajectory to the top of the industry. He (Steere) was much more the beneficiary of Pratt's foresight (Pratt took heaps of abuse from Wall St analysts who questioned his R&D focus) than the architect of Pfizer's ascension to the "coveted" industry leadership role.
This article exposes Bill Steere as a power-crazed interloper rather than the mythical figure thousands of loyal Pfizer employees had placed on a pedestal and worshipped. While many prayed for his return to the throne over the past decade, I knew he was still the major power broker/king maker at 235 E. 42nd St. I just didn't realize his influence was this pervasive and this destructive, if this piece is indeed accurate ( and I have no first-hand knowledge to verify/critique it). Sadly my friends in senior management have either retired or been "right-sized", while human excrement like MMc robbed this company blind for YEARS with the explicit approval of the CEO & BOD. Sickening.
Well said and I agree!