Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

After Roundup Battle, Bayer CEO’s Next Task Is Keeping His Job

June 26, 2020, 4:00 AM

Throughout the high-stakes takeover of Monsanto and the ensuing legal battles, Bayer AG Chief Executive Officer Werner Baumann has maintained a cool demeanor that gives him an air of inscrutability.

But after he clinched a landmark accord to settle litigation stemming from the deal, Baumann revealed some emotion.

“Unfortunately you have to pay an awful lot of money for a product that is perfectly well-regulated, which can make you, quite frankly, angry,” Baumann said on a call with reporters “But it is what it is. The most important thing is now that we can set course to the future.”

WATCH: Baumann discusses the settlement to resolve U.S. lawsuits over its weedkiller Roundup.
Source: Bloomberg