Is Lechleiter the fall guy?

April 17, 2008
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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?
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  • 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.

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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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