1. Valeant is Looking For a New CEO, and Has Named Bill Ackman to the Board

    Valeant is Looking For a New CEO, and Has Named Bill Ackman to the Board

    Embattled Canadian drug company Valeant Pharmaceuticals is ousting its CEO Michael Pearson. The current CEO will remain until a successor is named. Activist investor Bill Ackman is joining the board to help find Pearson's replacement....

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    1. It's been a privilege to lead Valeant for the past eight years.
    2. While we regret the circumstances that have resulted in the delay of our 10-K filing, we are committed to filing the 10-K on or before April 29, 2016.
    3. I appreciate the dedication and effort of our finance staff, who are working diligently to complete and file our 10-K.
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