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INSIDE PFIZER'S PALACE COUP.

Authors :
ELKIND, PETER
REINGOLD, JENNIFER
Burke, Doris
Source :
Fortune; 8/15/2011, Vol. 164 Issue 3, p76-91, 16p, 7 Color Photographs
Publication Year :
2011

Abstract

The article discusses pharmaceutical company Pfizer's ousting of Jeff Kindler as Corporate Executive Officer (CEO). The article notes Kindler's history as a corporate lawyer, with his acute attention to detail and tendency toward micromanaging, may have hurt him as a CEO. Former CEO Bill Steere chose Kindler for his outsider status, though Kindler's temper and erratic behavior later alienated Steere and Kindler's executive team. Kindler's support of Human Resources manager Mary McLeod's excesses and his rejection of general counsel Amy Schulman's ideas contributed to this alienation in a time when Pfizer was losing money because generics were outselling Pfizer drugs Viagra and Lipitor, leading to Kindler's resignation.

Details

Language :
English
ISSN :
00158259
Volume :
164
Issue :
3
Database :
Complementary Index
Journal :
Fortune
Publication Type :
Periodical
Accession number :
64003872