News Focus
News Focus
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ilpapa

10/29/14 7:24 AM

#183317 RE: jbog #183316

Moving to Boston was foolhardy
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GrthzGd

10/29/14 7:30 AM

#183318 RE: jbog #183316

Viehbacher could lead an LBO of SNY's Genzyme division, relieving SNY of an ongoing embarrassment.
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GrthzGd

10/29/14 8:48 AM

#183319 RE: jbog #183316

SNY down 5.5% more after hours. From the MarketWatch comment:

Viehbacher’s appointment in December 2008 was presented as a major cultural shift to internationalize Sanofi beyond its traditional French and European strongholds. But while the CEO’s efforts to steer the company into new areas of business has helped revive growth after Sanofi lost patents on some of its best-selling drugs, his open criticism of past research failures, and emphasis on the U.S. market has upset French labor unions and many French government officials.

Terminating a CEO for other than business reasons is never a good idea.