Pfizer CEO Grilled in UK
Pfizer CEO Ian Read faced hostile questioning from UK lawmakers over his bid for AstraZeneca. Read had to convince a panel that he plans to keep science jobs in Britain. Panel members accused him of being coached in advance of the hearing and told him he was withholding information. They asked for solid numbers on jobs, and Read told them he couldn’t give them. Pfizer plans to sweeten the $101.9 billion bid, say sources.