Comments on: Pfizer’s Jeff Kindler Gets A Hefty Raise http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/ News, Comment and Conversation Fri, 10 Feb 2012 21:54:38 +0000 http://wordpress.org/?v=2.6.2 By: Pharma Giles http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474830 Pharma Giles Thu, 04 Mar 2010 22:04:46 +0000 http://www.pharmalot.com/?p=21774#comment-474830 Honestly, what a fuss over a lousy 12.5%. Now <a href="http://business.timesonline.co.uk/tol/business/industry_sectors/health/article7041861.ece" rel="nofollow">THIS</a> is what I call a pay rise... Honestly, what a fuss over a lousy 12.5%. Now THIS is what I call a pay rise…

]]> By: Casual Observer http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474796 Casual Observer Thu, 04 Mar 2010 15:59:56 +0000 http://www.pharmalot.com/?p=21774#comment-474796 You forgot about the billions in fines that Pfizer has had to pay on his watch! I think there's been a lot of off-label promotion and questionable marketing going on at the big P for many years. Isn't Kindler a lawyer? Shouldn't he know better? You forgot about the billions in fines that Pfizer has had to pay on his watch! I think there’s been a lot of off-label promotion and questionable marketing going on at the big P for many years. Isn’t Kindler a lawyer? Shouldn’t he know better?

]]> By: Former Big Pharma http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474794 Former Big Pharma Thu, 04 Mar 2010 15:51:18 +0000 http://www.pharmalot.com/?p=21774#comment-474794 Wow! Turn in a dismal performance, stagnate the company, slice R & D, lay off thousands, destroy Wyeth, and get a huge raise. What an absolute joke! Hopefully, many of the self-loving, self-promoting, egomaniacs will soon be booted. Wow! Turn in a dismal performance, stagnate the company, slice R & D, lay off thousands, destroy Wyeth, and get a huge raise. What an absolute joke! Hopefully, many of the self-loving, self-promoting, egomaniacs will soon be booted.

]]> By: clarkkent http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474782 clarkkent Thu, 04 Mar 2010 14:36:44 +0000 http://www.pharmalot.com/?p=21774#comment-474782 PFE stock has underperformed the DOW the entire time Kindler has been CEO. He should be getting a pay cut (or pfired,) not rewarded for subpar performance. PFE stock has underperformed the DOW the entire time Kindler has been CEO. He should be getting a pay cut (or pfired,) not rewarded for subpar performance.

]]> By: Lisa Van Syckel http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474767 Lisa Van Syckel Thu, 04 Mar 2010 12:03:16 +0000 http://www.pharmalot.com/?p=21774#comment-474767 Geee, one would wonder why he needed home securuty, could it be from those homucidal/suicidal zoloft patients? Geee, one would wonder why he needed home securuty, could it be from those homucidal/suicidal zoloft patients?

]]> By: Jack Friday http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474764 Jack Friday Thu, 04 Mar 2010 11:08:55 +0000 http://www.pharmalot.com/?p=21774#comment-474764 Ahem! http://pharmagossip.blogspot.com/search?q=kindler%27s+list By yours truly in 2006! Ahem!

http://pharmagossip.blogspot.com/search?q=kindler%27s+list

By yours truly in 2006!

]]> By: pharmavet http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474641 pharmavet Thu, 04 Mar 2010 01:05:21 +0000 http://www.pharmalot.com/?p=21774#comment-474641 Over on CafePharma, Jeff's headcount reduction is affectionately termed "Kindler's List". Over on CafePharma, Jeff’s headcount reduction is affectionately termed “Kindler’s List”.

]]> By: Anne PME http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474634 Anne PME Thu, 04 Mar 2010 00:50:53 +0000 http://www.pharmalot.com/?p=21774#comment-474634 Oh, and let's not forget the recent false claims settlement....Maybe part of the raise has to do with the fact that Pfizer now has a corporate intergrity panel that will further convolute board member and/or CEO liability? Oh, and let’s not forget the recent false claims settlement….Maybe part of the raise has to do with the fact that Pfizer now has a corporate intergrity panel that will further convolute board member and/or CEO liability?

]]> By: pharmavet http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474632 pharmavet Thu, 04 Mar 2010 00:47:16 +0000 http://www.pharmalot.com/?p=21774#comment-474632 looking at PFE from an investor's perspective, Bruce Berkowitz, the highly successful manager of The Fairholme Fund (FAIRX) recently unloaded about 38 million shares pf PFE, which up to then was by far the largest holding in the FAIRX portfolio. Bruce must know something. He made people a lot of money by buying PFE a few years ago. Based on his move, I wouldn't go long on PFE at this time. Remember why Jeff Kindler was hired in the first place. As a lawyer, his main job was to minimize PFE's legal exposure. He has brought in some pretty heavy duty legal muscle to manage WYE'S issues with Prempro, etc. A lot of this is behind the scenes, but these expenses go straight to the corporate bottom line. To the extent that Jeff is successful in minimizing the legal damamages he will have earned his raise. It just won't show up in the usual pharma metrics. looking at PFE from an investor’s perspective, Bruce Berkowitz, the highly successful manager of The Fairholme Fund (FAIRX) recently unloaded about 38 million shares pf PFE, which up to then was by far the largest holding in the FAIRX portfolio. Bruce must know something. He made people a lot of money by buying PFE a few years ago. Based on his move, I wouldn’t go long on PFE at this time.

Remember why Jeff Kindler was hired in the first place. As a lawyer, his main job was to minimize PFE’s legal exposure. He has brought in some pretty heavy duty legal muscle to manage WYE’S issues with Prempro, etc. A lot of this is behind the scenes, but these expenses go straight to the corporate bottom line. To the extent that Jeff is successful in minimizing the legal damamages he will have earned his raise. It just won’t show up in the usual pharma metrics.

]]> By: JDP http://www.pharmalot.com/2010/03/pfizers-jeff-kindler-gets-a-hefty-raise/#comment-474595 JDP Wed, 03 Mar 2010 22:25:27 +0000 http://www.pharmalot.com/?p=21774#comment-474595 This is part of the root of the problem - and Pfizer's Board should be smarter. It is a mistake to give him a big reward for acquiring Wyeth and laying off a lot of people (thereby reducing costs and increasing profits). This is only of short term benefit to Pfizer, and may actually be to its detriment. His team should only be rewarded if, in 4-5 years, the merged company is better able to bring more and better medicines to the market. If it is not, then he and his staff let the wrong people go, and they should be penalized. When will boards learn to take a long view? This is part of the root of the problem - and Pfizer’s Board should be smarter. It is a mistake to give him a big reward for acquiring Wyeth and laying off a lot of people (thereby reducing costs and increasing profits). This is only of short term benefit to Pfizer, and may actually be to its detriment. His team should only be rewarded if, in 4-5 years, the merged company is better able to bring more and better medicines to the market. If it is not, then he and his staff let the wrong people go, and they should be penalized. When will boards learn to take a long view?

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