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Levin Resigns Unexpectedly, Street Grills Teva’s Chairman On Viability Of Corporate Governance

This article was originally published in The Pink Sheet Daily

Executive Summary

Chairman Philip Frost cited “slight differences” with Teva’s board as the reason that Jeremy Levin resigned. Analysts on a same day call grilled the chairman on Teva’s practice to deny corporate executives a seat on its board, and on the resulting misalignment of board and management objectives.

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