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Bristol-Myers Squibb

Executive Summary

Chairman Richard Gelb has not set a June 1993 "target" for retirement ("The Pink Sheet" Oct. 12, T&G-12). "No date has been set for Mr. Gelb's retirement as CEO," firm advises. BMS bylaws require CEOs to retire "at the annual meeting following their 70th birthday" which, for Gelb, would be the annual meeting in 1995.

Chairman Richard Gelb has not set a June 1993 "target" for retirement ("The Pink Sheet" Oct. 12, T&G-12). "No date has been set for Mr. Gelb's retirement as CEO," firm advises. BMS bylaws require CEOs to retire "at the annual meeting following their 70th birthday" which, for Gelb, would be the annual meeting in 1995.

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