Is Eli Lilly and Company (LLY) in Good Hands?
12/27/2012 8:18:48 AM
Investing isn't just buying shares in a hot ticker; it is putting your hard-earned money in the future of a business -- and, often overlooked, trusting management to execute on that vision of success. When it comes to Eli Lilly, are investors in good hands or is their faith misplaced? In order to help you answer this question, our senior biotech analyst has composed a brand-new premium research report that explains Eli Lilly's market opportunity, risks, and reasons to both buy and sell today. The following excerpt from the report takes an in-depth look at Eli Lilly's man in charge. Management: Eli Lilly's chairman, president, and CEO, John Lechleiter, is a rarity in the pharmaceutical industry. Those three titles (or at least chairman and CEO) seem to be disappointingly standard these days. Any checks and balances at the highest corporate level have been lost. Instead, Lechleiter is uncommon because he's a scientist. He started at Eli Lilly back in 1979 as an organic chemist in process research and development. As he worked his way up the ladder, Lechleiter supervised both product development and regulatory affairs. He inherited the top job in 2008 after Sidney Taurel retired. Merck's CEO was a lawyer. Ian Read came to Pfizer as an accountant. Johnson & Johnson's new CEO, Alex Gorsky, started with the company in sales, as did his predecessor Bill Weldon. Novartis' Joseph Jimenez came to the company via H.J. Heinz -- yep, the ketchup company.