Agreeing to discussions is very different than agreeing to concessions. We should not be in any rush to make shortsighted moves when we lack the clarity we need to make informed decisions.
The good news about Disney versus Netflix is this is not Yahoo versus Google, where Google had an insurmountable gain and a network effect where Yahoo was never going to catch up.
We are aware of the investment by Sachem Head. The Elanco board and leadership team are committed to continuing our focus on enhancing value for all shareholders and will continue to take actions to achieve that objective through our clear and proven innovation, portfolio and productivity strategy.
The government should be passing laws to discipline profit-maximization behavior, but too many lawmakers have themselves become the employees of the shareholders—their electoral success tied to campaign contributions and other forms of deep-pocketed support.
