Not ideal for Ray to announce this late....If he takes hit on stock now...there is time to recover and he can leave on high and probably cash some bonus tied to it. There is no obvious benefit of this but this will encourage acquiring CEOs to make a move if they were thinking about it...what to do with current CEO is sometime a big issue....I am not sure that is the case with BSX...it is probably greed.
boderick you are full of it. World class leadership??? What in the world are you talking about??? Name me two world class leaders that Elliott brought to this company. It's impossible because there aren't any. I challenge you to back up ANY of your claims with facts!!!
If every investor threw in the towel, the stock would be $0. I would think it gets it back and a lot more long before this guy hits the door. Just compare the metrics to competitors and assume they can just continue to get back to operating a decent business even just reasonably well, which I certainly think they can.