Replies to post #44774 on Biotech Values

[genisi]

A recent example regarding PDLI's CEO taken from Third Point's letter:

>There is no better example of McDade’s “empire building” philosophy, pathological selfishness and poor business judgment than his decision to build out PDLI’s absurdly large and unnecessary new corporate headquarters (the “Taj Mahal”). It is appalling that Mr. McDade is spending nearly $100 million of our money to build out 450,000 square feet of leased space, much of which is completely unnecessary.>

http://www.sec.gov/Archives/edgar/data/882104/000119312507078826/dex991.htm