{"id":30030,"date":"2019-04-30T14:54:19","date_gmt":"2019-04-30T14:54:19","guid":{"rendered":"https:\/\/www.dr-rath-foundation.org\/?p=30030"},"modified":"2019-05-01T14:56:12","modified_gmt":"2019-05-01T14:56:12","slug":"bayers-takeover-of-monsanto-results-in-shareholder-revolt","status":"publish","type":"post","link":"https:\/\/www.dr-rath-foundation.org\/2019\/04\/bayers-takeover-of-monsanto-results-in-shareholder-revolt\/","title":{"rendered":"Bayer\u2019s Takeover Of Monsanto Results In Shareholder Revolt"},"content":{"rendered":"<h2><strong>NEWS<\/strong><\/h2>\n<p><strong>A shareholder rebellion at\u00a0Bayer AG\u00a0is poised to worsen after the company\u2019s supervisory board ignored an unprecedented vote of no-confidence against the leadership of Chief Executive Officer Werner Baumann.<\/strong><\/p>\n<h2><strong>COMMENT<\/strong><\/h2>\n<p>From the standpoint of Bayer\u2019s investors, its recent <a href=\"https:\/\/www.dr-rath-foundation.org\/2018\/06\/monsanto-is-no-more-its-name-will-disappear-but-not-its-products\/\">$63 billion takeover<\/a> of Monsanto could hardly turned out worse. In a groundbreaking court verdict in August 2018, Bayer was\u00a0<a href=\"https:\/\/www.dr-rath-foundation.org\/2018\/08\/monsanto-ordered-to-pay-289m-damages-in-roundup-cancer-trial\/\">ordered to pay $289 million<\/a>\u00a0to a former Californian school groundsman who had been exposed to glyphosate, the active chemical in Monsanto\u2019s Roundup weed killer. The court found that glyphosate had caused the man\u2019s cancer. The damages were later <a href=\"https:\/\/www.dr-rath-foundation.org\/2018\/10\/judge-upholds-monsanto-weed-killer-verdict-but-slashes-damages-payable-to-terminal-cancer-patient\/\">reduced<\/a> to $78 million on a legal technicality.<\/p>\n<p>In a second trial in March 2019, a jury in San Francisco ordered Bayer to\u00a0<a href=\"https:\/\/www.npr.org\/2019\/03\/27\/707439575\/jury-awards-80-million-in-damages-in-roundup-weed-killer-cancer-trial?t=1554025226123\" target=\"_blank\" rel=\"noopener\">pay $80 million<\/a>\u00a0to a man who had developed Non-Hodgkin Lymphoma, a form of cancer, as a result of exposure to glyphosate. After the verdict, Bayer\u2019s\u00a0<a href=\"https:\/\/www.reuters.com\/article\/us-bayer-glyphosate-lawsuit-idUSKCN1R917E\" target=\"_blank\" rel=\"noopener\">share price fell<\/a>\u00a0and the company was worth less than what it had originally paid for Monsanto. Today, not only are there now around 13,400 additional lawsuits lined up against Bayer, investor confidence in the company is plummeting.<\/p>\n<p>With claims for damages potentially now threatening to destroy Bayer, read <a href=\"https:\/\/www.dr-rath-foundation.org\/2019\/04\/beware-of-the-bitten-dog-how-bayers-desperate-situation-could-lead-to-desperate-acts\/\">this article<\/a> to learn why we are concerned that the company\u2019s desperate situation could lead to desperate acts.<\/p>\n<a class=\"button  button_left button_size_2 button_js\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-27\/investor-revolt-at-bayer-to-escalate-after-ceo-keeps-his-job\" target=\"_blank\"    ><span class=\"button_icon\"><i class=\"icon-right-open-big\" ><\/i><\/span><span class=\"button_label\">Read article at bloomberg.com<\/span><\/a>\n\n","protected":false},"excerpt":{"rendered":"<p>NEWS A shareholder rebellion at\u00a0Bayer AG\u00a0is poised to worsen after the company\u2019s supervisory board ignored an unprecedented vote of no-confidence against the leadership of Chief Executive<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":30031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[121],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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