Investor revolt at Bayer to escalate after CEO keeps his job


Lower market value: Bayer logo sits on the exterior of the company’s pharmaceutical factory in Berlin. Bayer has lost 35 billion euros (US$39bil) in market value, due in large part to subsequent lawsuits that allege the main ingredient of Roundup – the weedkiller Bayer acquired through Monsanto – causes cancer. — Bloomberg

FRANKFURT: The shareholder rebellion at Bayer AG is poised to worsen after its supervisory board ignored an unprecedented no-confidence vote against the leadership of chief executive officer Werner Baumann.

Several top investors of the German chemicals and drugs giant are frustrated with directors’ decision to back Baumann and his strategy that led to the US$63bil takeover of Monsanto, according to people familiar with the matter.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bayer , investor , revolt , CEO , job ,

Next In Business News

Magma completes RM80mil acquisition of Dutamas land
China considers exempting some goods from US tariffs, source says
Bursa traders lock in gains ahead of weekend, but momentum continues to grow
Stocks, dollar eye weekly rise on Trump's tariff backdown
Bursa's recovery continues for third day
Ringgit opens marginally higher as US$ weakens on Fed rate cut hopes
Apex Securities not affected by hacking, says CEO
Stock trading accounts hacked, regulators on alert
Core inflation in Japan's capital sharply accelerates in April
Trading ideas: Alliance Bank, Binastra, IJM, Magma, TNB, Chin Hin, Iconic, Perdana, Streel Hawk, Pantech, Unisem, ViTrox, Luxchem

Others Also Read