Vasella Bowed to Pressure on Pay Agreement: Kulhoff

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Feb. 19 (Bloomberg) -- Birgit Kulhoff, analyst at Rahn & Bodmer Banquiers, discusses the agreement between Novartis and outgoing Chairman Daniel Vasella to cancel a non-compete deal that would have paid him $78 million over six years. She speaks on Bloomberg Television's "The Pulse."

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