Starboard Value has taken a $1 billion stake in the drugmaker Pfizer. The hedge fund, headed by Jeff Smith, has become one of the most feared activist investors. Starboard has doubled its assets ...

Jeff Smith, Starboard’s chief executive, criticised Pfizer for what he said was its failure under the leadership of chief executive Albert Bourla to turn a $40bn bump in cash flow from its Covid ...

See highlights from the 74-page slideshow Starboard presented to Pfizer at the meeting. Activist hedge fund manager Jeff Smith outlined his concerns about drugmaker Pfizer on Tuesday but stopped ...