News Focus
News Focus
icon url

DewDiligence

04/28/14 8:43 PM

#177382 RE: jq1234 #177380

My opinion on PFE's potential split-up is unchanged: Regardless of what happens with AZN, I don't think a split-up will create material shareholder value and it may destroy shareholder value.

For capital-gains-tax reasons, I hope the PFE-AZN merger doesn't go through. I manage family accounts where PFE is owned at a minuscule cost basis.
icon url

DewDiligence

05/01/14 10:03 PM

#177479 RE: jq1234 #177380

PFE employment factoids (from yesterday’s WSJ):

http://online.wsj.com/news/articles/SB10001424052702304393704579532141039817448

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!