{
Frank D'Amelio

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ex pfizer executives allege coercion amid activist investor push for change

Two former Pfizer executives, Ian Read and Frank D’Amelio, have distanced themselves from activist investor Starboard Value's plans to overhaul the company, citing support for current management. Starboard alleges they were coerced into this stance, claiming threats of litigation and compensation clawbacks. The investor, which holds a $1 billion stake in Pfizer, is pushing for changes amid the company's declining profitability and challenges in the pharmaceutical market.
BioPharma Dive
United States Dollar Match Group, Inc. Pfizer Inc. Bristol-Myers Squibb Company News Corporation USA Albert Bourla Ian Read Frank D'Amelio Jeffrey Smith Show more
Finance & Economy, Press Release
13:16 10.10.2024
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