Pfizer avoids board shake-up amid fight with Starboard: Bloomberg
3 days ago · On Pfizer’s external efforts specifically, Starboard figures the company has invested nearly $70 billion in M&A since 2022. But given that Pfizer has set its own target to achieve …
Pfizer proxy fight averted as Starboard stands down, for now
3 days ago · Starboard put about $1 billion to work on its Pfizer push and tapped two Pfizer veterans, ex-CEO Ian Read and former CEO Frank D’Amelio to serve as its public face. The …
Pfizer Gets Breather From Starboard’s Ongoing Assault
2 days ago · Starboard also claimed that Pfizer seems to have “significantly overpaid” for several of its big-ticket acquisitions, which since 2022 have reached nearly $70 billion. These deals …
Pfizer fight with Starboard heats up, hedge fund alleges …
Oct 10, 2024 · 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 …
Starboard Slams Pfizer; Board Must Hold Execs 'Accountable'
Oct 22, 2024 · Starboard Value took aim at Pfizer (PFE) in another blow Tuesday, saying the company has failed to deliver on what it once called the "best pipeline" ever. Activist investor …
Activist Starboard Value has $1 billion Pfizer stake, taps former ...
Oct 7, 2024 · Starboard Value has amassed a roughly $1 billion stake in drugmaker Pfizer, according to people familiar with the matter. The activist fund run by Jeff Smith is looking to …
Starboard accuses Pfizer management of $20bn value destruction
Oct 22, 2024 · Jeff Smith, Starboard’s chief executive, criticised Pfizer for what he said was its failure under the leadership of chief executive Albert Bourla to turn a $40bn bump in cash flow …
UPDATED: Starboard wants to hold Pfizer leadership …
Oct 22, 2024 · Starboard has called on Pfizer’s board to “hold management accountable” for what the hedge fund described as poor revenue returns on investments in R&D and M&A, …
Starboard Scolds Pfizer Over $20 Billion Value Destruction
Oct 22, 2024 · Starboard Value LP Chief Executive Officer Jeffrey Smith said there has been at least $20 billion in value destruction at drugmaker Pfizer Inc., which he admonished for failing …
Pfizer taps Vanguard veteran for board amid fight with Starboard
Oct 15, 2024 · Pfizer appointed a former chief executive officer at Vanguard, the drug giant's biggest investor, to its board on Tuesday as it faces pressure from activist hedge fund …