Pfizer's ex-CEO won't be involved in Starboard Value effort
Ex-CEO Ian Read and former CFO Frank D’Amelio said they are “fully supportive” of Pfizer’s current CEO, senior management and board of directors.
Former Pfizer Executives Ian Read And Frank D'Amelio Decline Involvement With Starboard's Efforts
Guggenheim Securities, LLC has issued a statement on behalf of former Pfizer Chief Executive Officer Ian Read and former Chief
Healthy Returns: What activist Starboard's $1 billion stake means for Pfizer
Starboard has a roughly $1 billion stake in the drugmaker and approached former Pfizer CEO Ian Read and ex-CFO Frank D'Amelio, both of whom expressed interest in supporting the activist investor's efforts to shake up the company, CNBC previously reported. As of late Tuesday, Pfizer has a market cap of roughly $165 billion.
Former Pfizer executives pull out of activist investor Starboard’s campaign
The reversal marks a twist in an unusual corporate clash. While activists occasionally team up with major shareholders, such as when Nelson Peltz joined former Marvel executive Isaac Perlmutter in a campaign for change at Disney, it is rare for longtime company executives to support hostile shareholders.
Ex Pfizer CEO, CFO not to involve in Starboard's campaign on drugmaker
Pfizer's shares have fallen more than 9% in the past year and trade at around half of their pandemic-era highs as sales of its COVID products shrink
Pfizer fight with Starboard heats up, hedge fund alleges executive pressure
The corporate clash between Pfizer and Starboard Value heated up on Thursday when the activist investment firm pressed the U.S. drugmaker to investigate actions by its board, after two former executives backed out of its campaign against the company.
Pfizer’s stock dips after two former execs say they won’t support Starboard
Activist investor Starboard Value claims the pharma giant’s former CEO and CFO were “threatened” into backing current CEO Albert Bourla.
Pfizer battles activist fund Starboard, which has a $1 billion stake in company
CNBC Angelica Peebles joins 'Power Lunch' to report on Pfizer's activist battle. Scenes from Florida in the aftermath of Hurricane Milton Dementia cases are on the rise — avoid these 12 risks to keep
Starboard seeks probe after former Pfizer execs pull support for its campaign
Starboard Value has asked Pfizer to set up a special committee to investigate allegations that two of its former senior executives were forced to publicly declare support for CEO Albert Bourla, the hedge fund said on Thursday.
Pfizer threatened to sue renegade executives prior to activist schism, Starboard's Smith says
Starboard’s Jeff Smith called on the company to assemble a special committee to investigate the matter, describing it as “flagrantly unethical.”
Activist investor Starboard cries foul play in exec U-turn at Pfizer
Starboard has accused Pfizer of “coercive conduct” after executives who initially backed the hedge fund retracted their support.
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Starboard claims Pfizer 'threatened' former leaders
In another twist to the tale of Starboard Value's push for change at Pfizer, the activist investor has claimed former ...
Former Pfizer Executives Ian Read And Frank D'Amelio Support Albert Bourla's Leadership Amid Starboard Activism: 'Will Deliver Shareholder Value'
CEO Ian Read and ex-CFO Frank D’Amelio have decided to distance themselves from the activist campaign led by Starboard Value ...
Ex-Pfizer execs ‘threatened’ for supporting plans to shake up company, Starboard says
In a letter to Pfizer’s board, the activist investor claimed former CEO Ian Read and CFO Frank D’Amelio were pressured to ...
Statement From Former Pfizer CEO Ian Read and Former Pfizer CFO Frank D’Amelio Regarding Starboard Value
Guggenheim Securities, LLC is issuing a statement on behalf of former Pfizer CEO Ian Read and former Pfizer CFO Frank D’Amelio: We have decided not to be involved in the efforts of Starboard Value ...
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Pfizer's CEO gains support of ex-execs amid activist investor talks
Former CEO Ian Read and former CFO Frank D'Amelio issued a statement late Wednesday saying they have rescinded their ...
What's Going On With Pfizer Stock On Thursday?
On Thursday, Starboard Value LP, a significant shareholder of Pfizer Inc. (NYSE:PFE), issued a letter to the company’s Board ...