Reported about 13 hours ago
Former Pfizer executives Ian Read and Frank D'Amelio have publicly withdrawn their support for activist investor Starboard Value, reaffirming their backing for current CEO Albert Bourla and the management team. This unexpected shift comes amid reports of legal threats related to their involvement with Starboard, which recently took a $1 billion stake in the company. Despite ongoing speculation about the CEO's position due to stagnant stock performance, insiders maintain that Bourla is well-regarded within Pfizer.
Source: YAHOO