Novartis, Vasella Cancel Non-Compete, $78M Pay Deal

Feb. 19 (Bloomberg) -- Bloomberg's Caroline Hyde reports that Novartis AG announced an agreement between its board and its outgoing chairman, Daniel Vasella, to cancel a payment of a maximum of $78 million over six years to keep him from working for rival drugmakers. She speaks on Bloomberg Television's "Countdown."

Good Fortunes: Alejandro Legorreta
33:51 - Alejandro Legorreta is putting his success in finance to work in his native Mexico. His social conscious saw him co-found the Legorreta Hernandez Foundation, a non-profit organization that works directly with disadvantaged communities.
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