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DewDiligence

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DewDiligence

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Re: dav1234 post# 155732

Wednesday, 01/23/2013 12:07:19 PM

Wednesday, January 23, 2013 12:07:19 PM

Post# of 257580

NVS—Citi says the departure of Dr. Vasella could lead to shareholder friendly activity…

Sounds like a stretch, IMO. As the non-executive Chairman (since 2010) of a BoD with eleven directors, Vasella was not the policy dictator that some have made him out to be. Some of the actions Citi cites (such as renewed buybacks) may happen, but not because of Vasella’s departure.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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