On a mis­sion to save Te­va from crip­pling debt, Schultz stands by cost-cut­ting mea­sures, scru­ti­nizes per prod­uct prof­itabil­i­ty

SAN FRAN­CIS­CO — Kåre Schultz didn’t mince words at Te­va’s JPM pre­sen­ta­tion this morn­ing, launch­ing his talk by out­lin­ing the com­pa­ny’s colos­sal chal­lenges in the years ahead.

The ele­phant in the room? The com­pa­ny’s $32 bil­lion in debt and mas­sive cuts. Schultz’ can­did de­liv­ery earned a few laughs from the au­di­ence, as he point­ed­ly skipped the sug­ar-coat­ed rhetoric of­ten present on­stage at JPM.

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