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- Friday, February 3, 7:19 PM Eli Lilly says it will freeze base pay for most of its employees in 2012, citing financial pressures caused by patent expirations on top drugs. Shares -0.2% AH.
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This news story has 3 comments:
The board granted the request??? The board should have told the CEO he will not be getting an increase, not the other way around.
I hope I am wrong and wish LLY and its employees well. Some things taken in a longer term perspective seem obvious.