Big Pharma Power Shift: CFOs Have the Mojo Now

Big Pharma

Source: Seekingalpha.com

Big pharma CEOs might wanna watch their backs because there could be a burgeoning power struggle in the C-suite. Ernst & Young, which has a long history of doing comprehensive reports on the pharmaceutical and biotech industries, is out with a new one today declaring that it's big pharma Chief Financial Officers who have all the mojo these days.

E & Y, which surveyed 95 C-suite honchos of companies around the world with at least a billion dollars in sales, calls the drug company CFO the "emerging 'star player' in the executive suite." The firm did the canvassing last fall.

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