Valeant Changes Strategy, Overhauls Board

The transcript discusses a major shake-up in a company, focusing on changes in board members and strategy as outlined in a new 10K report. The company plans to overhaul its board, with new members taking a more active role in management oversight. The discussion highlights the influence of investors like Bill Ackman and the decision not to split CEO and chairman roles. The company faces operational challenges and is trying to retain employees amid significant strategy shifts. The board's increased involvement reflects dissatisfaction with past governance, as seen in the company's share price drop.

What strategies are being considered to retain employees during this transition?

What operational challenges does Valiant face following the board changes?