1. Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65

    Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65
    • Merck CEO Kenneth Frazier plans to stay on in his role as CEO past December 2019, when he turns 65.
    • The pharma giant's board of directors had to overturn a mandatory CEO retirement policy in order for Frazier to stay on.
    • Frazier, who became CEO in 2011, gained national attention after he was the first to depart President Donald Trump now-disbanded manufacturing council...
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    1. CEO succession has been our top priority, and removing the mandatory retirement policy enables the Board to make the best decision concerning the timing of that transition.
    2. My father had a very strong view of what it took to be successful, and he in effect brainwashed all his children to think that we could do anything.
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