A bigger boat...
“From the day he became CEO, McKinnell had to manage the cold hard reality that medicines worth $14 billion—a third of the company's total revenues—would go off patent between 2005 and 2008. "We could let the good times roll and keep sailing—or we could get ready for the storm by finding a bigger and better boat," he said. "My legacy, I hope, is that bigger boat."…”
Stanford GSB News, February 2007, writing about Hank McKinnell, Pfizer’s CEO during the heyday of the “Bextra Sharks”…
“These ($2.3 billion’s worth of) agreements bring final closure to significant legal matters …,” said Amy W. Schulman, senior vice president and general counsel of Pfizer. “We regret certain actions taken in the past, but are proud of the action we’ve taken to strengthen our internal controls and pioneer new procedures…”
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