AMRN's response - 2 of the 5 new appointees to the BOD Sarissa proposed were junior level analysts with < 5 yrs experience - now I don't trust EITHER side:
Sarissa responds to AMRN's PR - Per Wold-Olsen took 15 wks to interview 3 Sarissa candidates (they withdrew the 2 newbies or AMRN refused to interview them) - and I'll bet they were brief meetings to boot:
Characterizing the board’s interaction with Sarissa as “in good faith” is a gross misrepresentation of the facts. The board, led by Chairman Per Wold-Olsen, showed no sense of urgency in interviewing shareholder candidates for the board and took fifteen weeks to interview three Sarissa candidates. A few of the directors acknowledged following Chairman Per Wold-Olsen’s lead and that the time to interview directors was unnecessarily lengthy. His insistence on a lengthy process confused the duration with quality of process, and ultimately the board rejected adding any shareholder representatives to the board in favor of their own candidates. Shareholders are the owners of the company with a vested interest in the company’s success. Yet the board is devoid of any shareholder representatives.
