On September 16, 2009
Lilly’s Job Cuts Not Enough for Wall Street; Another Merger Suggested; CEO Lechleiter Eats a Steak
Eli Lilly’s announcement that it wants to get rid of 5,500 employees to get $1 billion in cost savings appears to have had no effect on its stock. Why would that be? Shouldn’t Wall Street be rejoicing at an extra $1 billion heading toward the net income line and not reps’ salaries?
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