Hank McKinnell, former Pfizer CEO, gets $200 million corporate lotto payout
Written by Chief Technocrat
Friday, 22 December 2006
The Hankster hit the jackpot! During the Hankster's five years as Pfizer's chief executive, the stock price fell 37% to $26.11 in New York Stock Exchange when he was ATS'd. At Pfizer AtS stands for Adapting to Scale and is the organization's latest buzz phrase it uses when people are terminated from Pfizer. In Hank's case it stands for Adapting to Stupidity.
During one of his Dilbert speeches a few years back the Hankster made a statement, I believe it ended up in an annual report, that went something like this "my father used to tell me I was child that when someone lends me something I must return it back to them in the same or better condition". What a damn joke! The guy really screwed over Pfizer employees and shareholders when he decided to digest Pharmacia after swallowing Warner Lambert.
ex-Pfizer employees that were AtS'd should receive Hanks Pfizer Lotto winnings. During his tenure at Pfizer he received more than enough money to live well for the remainder of his days. Hank it is important for you to know how many lives were ruined because of your arrogance. I hope some high-powered activist group sues the company to prevent you from receiving your lotto payout.
Pfizer is a great company with many bright people. I believe that Pfizer, under Jeffrey Kindler's leadership, will continue to be successful in years to come. Hang in there you hardcore Pfizerettes!
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