Ackman Said to Address Valeant Workers Side-by-Side With Pearson

  • No widespread layoffs, Pearson tells employees at town hall
  • Drugmaker looking for successor with industry experience

Valeant CEO to Step Down, Ackman Added to Board

Hours after Valeant Pharmaceuticals International Inc. announced that Chief Executive Officer Mike Pearson would step down, the CEO stood side-by-side with billionaire investor Bill Ackman and addressed workers at the drugmaker’s New Jersey offices, according to people in attendance.

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