I'm not making this up . . .
Former Pfizer CEO Hank McKinnell, who was pushed out by his board with $200 million in his knapsack last year after overseeing the biggest erosion of shareholder value at Pfizer in modern times, was just featued in the following press release, which I have abbreviated to give you the gist:
SCOTTSDALE, Ariz., March 13 /PRNewswire/ -- Dr. Hank McKinnell, retired Chairman and CEO of Pfizer Inc, has joined the advisory board of ultra-luxury destination club leader Solstice. . . . "We are honored that Hank has joined our advisory board. His extraordinary talent, global business acumen, and diversity of expertise will prove invaluable as we expand the Solstice brand," said Solstice CEO Chad Morse. . . As a member of the Solstice advisory board, McKinnell joins a team of other respected and seasoned business leaders (my italics) who will help shape the company's continued focus on architecturally significant homes, personalized service, and financial transparency for the expanding destination club industry. . . . The current residence collection includes ten architecturally significant homes throughout the United States and Europe with average values exceeding $6 million and a private 90-foot yacht. For more information, visit http://www.solsticecollection.com.
Here are some of the properties Dr. McKinnell will assist "managing." Hopefully they will lose less value than Pfizer did during his tenure (hat tip PharmaGiles):
Labels: Solstice Collection