Brent Saun­ders has a mes­sage for Al­ler­gan in­vestors to­day: He feels your pain

The past three years have been a bumpy down­hill ride for share­hold­ers at Al­ler­gan $AGN. And dur­ing his Q1 call to­day he want­ed to un­der­score that he knows just how much that hurts. He and the board have been talk­ing with dozens of sig­nif­i­cant in­vestors, in­clud­ing Ap­paloosa’s ac­tivist chief David Tep­per — who tried and failed to force Saun­ders to bring in an in­de­pen­dent chair­man. And he tried to as­sure every­one on the call that he’s on the job.

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