• last month
Activist investor Starboard Value accused Pfizer of pressuring its former CEO Ian Read and ex-CFO Frank D’Amelio to halt support for Starboard’s turnaround campaign. Starboard’s Jeff Smith revealed the company allegedly threatened to claw back compensation and cancel unvested shares. Smith urged Pfizer’s board to investigate, calling the actions unethical and breaching fiduciary duties. Starboard claims that Bourla’s leadership hurt Pfizer's with its cost management structure and focus on mergers and acquisitions.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Activist-investor Starboard Value accused Pfizer of pressuring its former CEO Ian Reid
00:07and ex-CFO Frank D'Amelio to halt support for Starboard's turnaround campaign.
00:13Starboard's Jeff Smith revealed the company allegedly threatened to claw back compensation
00:17and cancel unvested shares.
00:19Smith urged Pfizer's board to investigate calling the actions unethical and breaching
00:23fiduciary duties.
00:25Starboard claims that Borla's leadership hurt Pfizer's with its cost management structure
00:29and focus on mergers and acquisitions.
00:32For all things money, visit Benzinga.com.

Recommended

3:02
I
Up next
Tehran SHOCKS Trump! Iran Wants Dialogue as Trump Adds Anti-Iran Officials Amid Gaza War| Watch
Oneindia
3:20
Bomb Threat at Mumbai Airport: Suspicious Call Triggers High Alert| Search Underway
Oneindia
3:19
WATCH| Russia To ‘Hit Poland’ With Nuclear Missiles?, Iskander Deployed As New NATO HQ Opens
Oneindia
6:37
Cboe’s New Approach to Global Markets and Options for Retail Investors
Benzinga
1:30
Jennifer Lopez Says She and Ben Affleck Are 'So Lucky'
Wibbitz Top Stories
0:45
Gold Price Declines 6% From October High, Presenting An Entry For Potential Investors
Benzinga
0:40
Shopify Stock Soars Post-Earnings As E-Commerce Platform Integrates AI For Greater Efficiency
Benzinga
0:43
UnitedHealth’s $3.3B Acquisition of Amedisys Challenged by DOJ Lawsuit on Antitrust Grounds
Benzinga
0:36
Southwest Airlines Adopts Poison Pill Plan to Thwart Activist Investor Elliot Management
Benzinga
0:37
Tesla Soars 30% Post-Election, Adding $250 Billion. Here's Why Analysts Are Skeptical.
Benzinga
0:36
Tesla Issues Sixth Cybertruck Recall in a Year, Requires Physical Inverter Replacement For Over 2,400 Units
Benzinga
0:45
Illumina CEO Resigns After Pressure from Activist Investor Carl Icahn
Benzinga
0:33
Chinese Yuan, Stocks Plunge Amid Rumors of Trump Appointing China Hawks Rubio, Waltz to Top Administration Positions
Benzinga
0:32
Rocket Lab's Q3 Sees 55% Revenue Growth, First Neutron Rocket Deal for 2026 Announced
Benzinga
0:54
This Day in History: John F. Kennedy Is Assassinated
Wibbitz Top Stories
0:48
Activist Investor Starboard Takes $1 Billion Stake In Pfizer As The Pharmaceutical Faces Criticism Over Costly Acquisitions
Benzinga
0:41
Southwest Airlines' Leadership Under Fire as Elliott Management Takes $1.9 Billion Stake
Benzinga
0:41
Pfizer Beats Q3 Forecasts, Raises Guidance As Activist Investor Calls For Change
Benzinga
0:47
Activist Investor Carl Icahn's Pick Joins Illumina Board
Benzinga
0:37
Southwest Airlines COO Warns Employees of Upcoming 'Difficult Decisions,' Facing Pressure from Elliot Investment
Benzinga
0:36
Ford, Lowe’s, and Harley-Davidson Scale Back DEI Under Activist Pressure. This Conservative Activist Is Leading the Movement with His Startling Exposés
Benzinga
0:33
Southwest Airlines Exec Chair and CEO Gary Kelly Buckles to Pressure from Activist Investor Elliot, Spurring Board Shakeup and Leadership Changes
Benzinga
0:36
Southwest Airlines Faces Proxy Fight: Activist Investor Elliot Management Calls for Special Meeting and Ousting the CEO and Chairman
Benzinga
2:24
Biggest Pharmaceuticals Mergers And Acquisition in History
The Street
0:35
Activist Investor Politan Capital Ousts CEO and Founder of Medical Tech Company Masimo, Securing Two Board Seas Following Heated Battle
Benzinga