Is Lechleiter the fall guy?

April 17, 2008
Back to TopCommentsE-mailPrint
CALPERS, the big pension fund, doesnâ??t want Eli Lilly and Co.â??s new CEO, John Lechleiter, to be voted onto the board at Lillyâ??s annual meeting on Monday.

Lechleiter was a high-level player within Lilly in recent years while the companyâ??s stock performed at mediocre levels, CALPERS says.

Is Lechleiter the problem?

Or is he being blamed for any problems that his predecessor, Sidney Taurel, might have created, or even for the overall sluggishness in the pharmaceutical industry?

What do you think?
ADVERTISEMENT
  • Dennis GehlhausenApril 17, 2008 12:31 PM
    As a former employee who retired in 2002 I follow the pharma industry. The industry is in a high risk buiness and struggling for break through products. Politicians and the media berate the industry for high prices for new life saving products that are result of costly research and development. Product prices are being driven down even though the value of pharmaceuticals in managing illness in a preventative way is not really considered. With an equation of high cost product cost and low sales prices yielding low earnings who would own this stock? I sold mine a long time ago. Calpers should have done the same.
    Reply to CommentFlag Comment

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

ADVANCED SEARCH
Sponsored by
ADVERTISEMENT
ADVERTISEMENT