Pfizer CEO Abruptly Resigns; Reporter Believes His Parting Reason [Snort]
Today's big wake-up news: The abrupt resignation of Pfizer's CEO, Jeff Kindler, over the weekend. In a press release, Kindler explained that the job had been "extremely demanding" "personally," and he indicated that he wanted to "spend some rare time" with his family—which means to anyone older than the age of 10 years, "I'm resigning unwillingly."
Today's bigger wake-up news: That somebody older than 10 years actually believes Kindler's explanation.
Others cite too much company growth or too little company growth as the reason for the ouster.
Image of macho Kindler, who now admits he has to "recharge his batteries."
12/07/10 update: Bloomberg reports that there was considerable internal disgruntlement at Pfizer with Kindler's management style and that the former CEO refused to name a head of operations as part of an agree-upon plan with senior managers. Kindler reportedly quit "hours before a special board meeting" on Sunday, December 5th, "to discuss his future." Then Kindler climbed on top of a local water tower (in Manhattan!), screamed something about, "Top o' the world, Ma!" and blew up real good.
