{"id":89572,"date":"2024-10-07T00:18:51","date_gmt":"2024-10-07T04:18:51","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89572"},"modified":"2024-10-07T00:12:48","modified_gmt":"2024-10-07T04:12:48","slug":"activist-starboard-value-has-1-billion-pfizer-stake-taps-former-executives-for-help","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2024\/activist-starboard-value-has-1-billion-pfizer-stake-taps-former-executives-for-help.html","title":{"rendered":"Activist Starboard Value has $1 billion Pfizer stake, taps former executives for help"},"content":{"rendered":"\n<p>(CNBC) Activist investor\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/09\/06\/starboard-moves-to-collapse-news-corps-dual-class-stock-in-challenge-to-rupert-murdoch.html\">Starboard Value<\/a>\u00a0has a roughly $1 billion stake in pharmaceutical giant\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/PFE\/\">Pfizer<\/a>\u00a0and is seeking to mount a turnaround at the\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/06\/28\/pfizer-stock-employees-covid-recovery.html\">struggling company<\/a>, according to people familiar with the matter. The activist\u2019s exact plans could not be learned, but Starboard has approached former Pfizer CEO\u00a0<a href=\"https:\/\/www.cnbc.com\/2018\/10\/01\/pfizer-announces-dr-albert-bourla-will-succeed-ceoian-read-effective-january-1.html\">Ian Read<\/a>\u00a0and ex-finance chief Frank D\u2019Amelio, both of whom have expressed interest in supporting Starboard\u2019s turnaround, said the people.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/10\/07\/starboard-value-has-1-billion-pfizer-stake-taps-former-exec-for-help.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Activist investor\u00a0Starboard Value\u00a0has a roughly $1 billion stake in pharmaceutical giant\u00a0Pfizer\u00a0and is seeking to mount a turnaround at the\u00a0struggling company, according to people familiar with the matter. The activist\u2019s exact plans could not be learned, but Starboard has approached [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89572","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89572"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89572\/revisions"}],"predecessor-version":[{"id":89573,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89572\/revisions\/89573"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}