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Kindler or Schmidt?
futureofcapitalism.com

Former Pfizer CEO Jeffrey Kindler and former Google CEO Eric Schmidt surface as candidates for commerce secretary in the Obama administration, Bloomberg News reports. The Bloomberg story doesn't mention it, but Reuters reported upon Mr. Kindler's departure in December 2010, "few shed tears over Kindler's exit. Over the course of his tenure, which began in July 2006, Pfizer's shares have lost 27 percent of their value, underperforming a 10 percent decline in the NYSE Arca Pharmaceutical index of large drugmakers." Hey, if Mr. Kindler had done any worse — say, if his company had lost a third of its value under his tenure, like GE's Jeffrey Immelt — he might qualify not just for a cabinet post but to be chairman of the President's Council on Jobs and Competitiveness.

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Kindler or Schmidt?
futureofcapitalism.com

Former Pfizer CEO Jeffrey Kindler and former Google CEO Eric Schmidt surface as candidates for commerce secretary in the Obama administration, Bloomberg News reports. The Bloomberg story doesn't mention it, but Reuters reported upon Mr. Kindler's departure in December 2010, "few shed tears over Kindler's exit. Over the course of his tenure, which began in July 2006, Pfizer's shares have lost 27 percent of their value, underperforming a 10 percent decline in the NYSE Arca Pharmaceutical index of large drugmakers." Hey, if Mr. Kindler had done any worse — say, if his company had lost a third of its value under his tenure, like GE's Jeffrey Immelt — he might qualify not just for a cabinet post but to be chairman of the President's Council on Jobs and Competitiveness.

Read More...


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Hans Nichols

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