Investors had high hopes that the American Bill Anderson would be able to get the company back on track. Now analysts are talking about the “perfect negative storm.”
No CEO is keen on such records. Bayer’s share price fell by around a fifth in November – in a single day. Within hours, the DAX group from Leverkusen was worth a few billion euros less. It is the biggest slump that Bayer has ever recorded in one day, even worse than the debacle surrounding the weed killer glyphosate. The trigger was the flop of a drug hope and another defeat in a glyphosate trial in the USA.