Allergan’s Saunders Speaks Of Urgency, But Not Of Specifics

Days after surviving a shareholder vote to split up his roles, chairman/CEO Saunders says unhappy investors have been heard and change is coming. As for details, everything is on the table.

allergan
Allergan delivered its first quarter earnings report days after a key shareholder vote

Allergan PLC’s management team survived a shareholder vote driven by activist investors on 1 May, but chairman and CEO Brent Saunders’ statement that the message has been received was followed with virtually no specifics on how the firm’s business strategy will change.

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