PFIZER’S corporate jet is at the disposal of its chief executive, Jeffrey B. Kindler, for business travel and a limited number of personal trips. Top Merck executives also have use of that drug maker’s corporate aircraft.
But when William S. Marth, the chief executive of the largest prescription drug supplier in the United States, travels cross-country, he flies commercial. On trans-Atlantic trips, Mr. Marth, who runs Teva North America, shuns first class, opting for business class instead.
“The day they get their own plane,” says Ronny Gal, an analyst at Sanford C. Bernstein who tracks Teva and is a devotee of the stock, “is the day I downgrade them.”
via nytimes.com
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