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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

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