Joseph Papa, the CEO of Bausch Health Cos. Inc., was hired in 2016 to help turn the pharmaceutical company around.
Instead, he is breaking it up. But he's not crazy.
He's caught on to the fact that bigger isn't always better.
You see, Bausch Health and its subsidiary, Bausch + Lomb eye care, are two great companies… but together, they aren't exactly chocolate and peanut butter.
Papa has realized that the only thing worse than no partnership at all is a bad partnership. So he's letting Bausch + Lomb become its own $3.1 billion business.
This means that both companies will be free to focus on their own business models, their own specialized products, and their own target markets.
It's a move that's going to create billions in new shareholder value.
And while I applaud the move, I think that there's an even better way to cash in on corporate spinoffs like this one.
That's because Joseph Papa's move is part of a massive trend that will be extremely profitable for investors… Full Story
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