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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