Bayer has started making practical moves towards combining its business with Monsanto’s ahead of the completed merger, which it expects will close by the end of the quarter.
Last week the German company announced the executive leadership team of the new combined crop science team with five out of the 10 positions announced coming from Monsanto.
With this merger, Bayer is taking on some of the most controversial issues in agriculture and absorbing a company that has battled an overwhelmingly negative reputation, ranking in the bottom five of the Harris Poll’s Corporate Reputation Quotient since 2014 along with Haliburton, Wells Fargo, and 2018 new addition, The Weinstein Company.
From the safety of GMO foods to the ubiquity and safety of the company’s flagship herbicide glyphosate — which is again in the news even today — to the newest tangle of lawsuits regarding anther controversial herbicide Dicamba, Bayer is wading into some very hot water.
And though some see the merger as tarnishing Bayer by association, including Bayer employees reportedly, others see it as an opportunity for Monsanto to step away from a name mired in controversy and start afresh.
However, the list of executives moving from Monsanto to Bayer reveals which Monsanto voices Bayer has decided to hold on to and suggests a complete overhaul is not in the cards.
Read the full story at www.AgFunderNews.com.