Since 2005, PFE’s worldwide employment has decreased by 56K (from 133K to 77K) despite the fact that Wyeth had 44K employees when PFE acquired it in 2009. Thus, adjusting for the Wyeth acquisition, PFE has eliminated 100,000 net jobs during the past nine years!
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”