Zorrofan Posted May 26, 2014 Share Posted May 26, 2014 I have been watching with some interest the recent interaction between AZN and PFE. PFE made what I thought was a fairly good offer for AZN, several large shareholders of AZN spoke in favor of the deal and yet management resisted. Now with PFE walking away the share price of AZN will likely drop quite hard tomorrow. So, the question becomes "Did management really act in the best interests of the shareholders or did they act in their own self-interest?" How often does management really act in shareholders best interests? Witness the recent KO controversy with regards to management compensation. If you use management integrity as one of your screening criteria the pickings are IMHO getting a pick thin....... Looking forward to your thoughts, cheers Zorro Link to comment Share on other sites More sharing options...
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