On Breakingviews: Under CEO Werner Baumann’s watch, Bayer has handed shareholders a total return of minus 25%, mainly due to the toxic side-effects of a $62.5 billion acquisition of Monsanto in 2018. It’s time for a strategic rethink, says edwardcropley
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, May 25, 2018. REUTERS/Wolfgang Rattayare numbered. Under his watch, the 61 billion euro pharmaceuticals-to-agrochemicals group has handed shareholders a total return of minus 25%, mainly due to the toxic side-effects of Baumann’s $62.5 billion acquisition of Monsanto in 2018. It’s time for a strategic rethink.
That points to deeper problems. Bayer’s Crop Science division, which makes seeds and pesticides, is likely to grow its top line 9% over the next three years, according to Refinitiv forecasts, helped by rising wheat prices due to the war in Ukraine. But that’s weedier than U.S. rival Corteva
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bayer has 29 bln reasons to say bye-bye to CEOFour years on, the 61 bln euro group’s Monsanto purchase has left it with cancer litigation and a clunky structure. Its current worth may be 32% less than the value of its bits, arguing for a breakup. That’s hard while boss Werner Baumann, the deal’s architect, is in place.
Read more »
Bayer has 29 bln reasons to say bye-bye to CEOFour years on, the 61 bln euro group’s Monsanto purchase has left it with cancer litigation and a clunky structure. Its current worth may be 32% less than the value of its bits, arguing for a breakup. That’s hard while boss Werner Baumann, the deal’s architect, is in place.
Read more »
NOLA Says Bye Bye to Robert E. Lee and Hello Allen Toussaint Blvd.Changing Robert E. Lee Boulevard to Allen Toussaint Boulevard reflects a citywide initiative to rid the streetscape of the names of Confederates and white supremacists
Read more »
Jim Gaffigan: Having Teens Is Way Worse Than Having Young KidsStand-up comedian Jim Gaffigan has officially apologized for ever complaining about having young kids — because he says having five older kids is 'horrible.'
Read more »
Ex-Google CEO Schmidt’s charity helped fund WH science office: reportFormer Google CEO Eric Schmidt has cultivated close ties with the White House’s Office of Science and Technology Policy (OSTP), having his charitable foundation pay for the salaries of two em…
Read more »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Read more »