Dear Sanofi: Firing CEO Was A Huge Mistake

One of the world’s largest drug companies just fired its boss over a bad quarter, a worse relationship with the board, and the company’s own wrong-headed resistance to change. It looks like a huge mistake. Christopher Viehbacher was brought in to run Sanofi (then known as Sanofi-Aventis) in September 2008. Originally it was a booby prize. Viehbacher had lost a very public bake-off to run GlaxoSmithKline . But since December 2009, Sanofi shares have kept track with and, more recently, outpaced those of Glaxo as Viehbacher has tried to remake the French drug giant.

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