if you were a company and somebody came to you and said "change your leader, let me do things my way and you'll make more money", what would you do?

this is kind of what happened to Pfizer. Starboard value, a big shareholder in Pfizer, suggested that they should change their CEO (chief executive officer). But two former Pfizer executives, Ian Read and Frank D’Amelio, have backed the current CEO, Albert Bourla. They're saying they have confidence in Bourla and believe he will deliver shareholder value in the long run. So it seems like Pfizer is going to stick with Bourla for now, despite the pressure from Starboard.

This is a bit like when you're playing a board game and someone suggests a new strategy that might help you win. You might discuss it with your team and then decide whether to go with the new strategy or stick with the one you've been using.

And just to clarify, "shareholder value" means the amount of money that the shareholders, or owners, of a company can make from their investment in that company. So if Pfizer can increase its shareholder value, that means the owners of Pfizer will make more money from their investment. Read from source...

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Title: Former Pfizer Executives Ian Read And Frank D'Amelio Support Albert Bourla's Leadership Amid Starboard Activism: 'Will Deliver Shareholder Value'

Text: Former Pfizer Inc PFE CEO Ian Read and ex-CFO Frank D’Amelio have decided to distance themselves from the activist campaign led by Starboard Value at the pharmaceutical giant. What Happened: Read and D’Amelio made their decision public on Wednesday. They expressed their full support for Pfizer’s current CEO, Albert Bourla, in a joint statement issued through an investment bank. The two former executives had been in communication with several directors just before news of Starboard’s stake emerged, reported CNBC. “We are confident that over time they will deliver shareholder value,” Read and D’Amelio said of Pfizer’s current board and management. This development comes at a time when Pfizer’s board is dealing with the activist’s efforts, and just before Starboard’s Jeff Smith was scheduled to meet with CEO Bourla. See Also: Len Sassaman Is Bitcoin Creator Satoshi Nakamoto In HBO Documentary? Polymarket Punters See High Probability Image Via Shutterstock Why It Matters: Starboard, known for its tenacious activism, has built a stake of around $1 billion in Pfizer. The fund’s managing member, Smith, has previously launched campaigns at Autodesk and Salesforce in recent months. Price Action: Pfizer Inc. stock closed at $30.19 on Wednesday, gaining 3.46% during the regular trading session. In after-hours trading, the stock dipped slightly by 0.20%. Year to date, Pfizer’s stock has risen by 1.55%, according to data from Benzinga Pro. Read Next: Hurricane Milton Is Florida’s Second Storm In Two Weeks: How Disney, Theme Parks, Insurance Companies Could Be Impacted





Title: Former Pfizer Executives Ian Read And Frank D'Amelio Support Albert Bourla's Leadership Amid Starboard Activism: 'Will Deliver Shareholder Value'

Text: Former Pfizer Inc PFE CEO Ian Read and ex-CFO Frank D’Amelio have decided to distance themselves from the activist campaign led by Starboard Value at the pharmaceutical giant. What Happened: Read and D’Amelio made their decision public on Wednesday. They expressed their full support for Pfizer’s current CEO, Albert Bourla, in a joint statement issued

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