Former Pfizer Executives Ian Read And Frank D'Amelio Support Albert Bourla's Leadership Amid Starboard Activism: 'Will Deliver Shareholder Value'
Portfolio Pulse from Benzinga Neuro
Former Pfizer executives Ian Read and Frank D'Amelio have publicly supported current CEO Albert Bourla amidst an activist campaign by Starboard Value, which has acquired a $1 billion stake in Pfizer. The former executives believe the current management will deliver shareholder value.
October 10, 2024 | 3:06 am
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Former Pfizer executives Ian Read and Frank D'Amelio support current CEO Albert Bourla against Starboard Value's activist campaign. They express confidence in the management's ability to deliver shareholder value.
The support from former executives could strengthen investor confidence in Pfizer's current management, potentially countering Starboard's activist pressure. This may positively influence Pfizer's stock price in the short term.
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