Bayer shareholders see the writing on the wall:
In “Stunning Decision” Bayer Shareholders Dump CEO Over Disastrous Monsanto Purchase – Apr 26, 2019 - ZeroHedge
Late on Friday, in what Bloomberg called a “stunning development” for the German drugs and chemicals company, a majority, or about 55% of shareholders, voted against absolving CEO Werner Baumann and other managers of responsibility for their actions in the Monsanto takeover last year. Though the result isn’t legally binding, it throws his future into question and prompted an immediate supervisory board session. Similar rejections have cost German CEOs their jobs.
“Mr. Baumann, what have you done with our stable company?,” said Joachim Kregel, a representative of German shareholders association SdK. In just two years, “the erstwhile pharma giant has mutated into a dwarf,” said Ingo Speich, chief of sustainability and corporate governance at Deka Investment.