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Covid corruption is tanking the stock price. Must be something bad coming.
Starboard has also approached Ian Read, a former Pfizer CEO, and Frank D'Amelio, who served as CFO until 2021, and both have expressed interest in helping the activist investor, the sources said.
Mentor
I wonder if this will affect CoLab at all?
CoLab was the shiny toy of the former CMO who came and went in a NY minute. Changing agencies usually doesn't hold enough upside to interest "activist investors," and Publicis lowballed their pitch so low that they probably couldn't find another Holdco that could afford to undercut them. OTOH, the former CMO's replacement may want to be a new broom that sweeps clean. We'll see.