annual meeting of shareholders
TRANSCRIPT
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Annual Meeting of ShareholdersAnnual Meeting of Shareholders
April 24, 2008Memphis, Tennessee
April 24, 2008Memphis, Tennessee
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Forward-Looking StatementForward-Looking Statement
Peggy Foran, SVP, Corporate Governance andPfizer Inc Corporate Secretary
Peggy Foran, SVP, Corporate Governance andPfizer Inc Corporate Secretary
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Chairman’s Welcome and ReportChairman’s Welcome and Report
Jeff Kindler, Chairman and CEOJeff Kindler, Chairman and CEO
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Chairman’s Welcome and ReportChairman’s Welcome and Report
Jeff Kindler, Chairman and CEOJeff Kindler, Chairman and CEO
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Our Path Forward: StrategiesOur Path Forward: Strategies
Refocus and optimize our patent-protected portfolio
Find new opportunities for established products
Grow in emerging markets
Invest in complementary businesses
Build a culture of innovation and continuous improvement
Refocus and optimize our patent-protected portfolio
Find new opportunities for established products
Grow in emerging markets
Invest in complementary businesses
Build a culture of innovation and continuous improvement
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Call to OrderCall to Order
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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A Quorum is PresentA Quorum is Present
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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To Ensure Fair Play for All Shareholders
To Ensure Fair Play for All Shareholders
Please hold questions or comments about an Item until after it has been introduced
Please focus only on the Item being discussed
Please wait for a microphone
When recognized, please state your name and shareholder status
Please respect time limits
Please hold questions or comments about an Item until after it has been introduced
Please focus only on the Item being discussed
Please wait for a microphone
When recognized, please state your name and shareholder status
Please respect time limits
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Voting – Or Changing Your VoteVoting – Or Changing Your Vote
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The Polls Are OpenThe Polls Are Open
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
Item 1:Item 1:Election of Election of DirectorsDirectors
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Dr. Dennis A. AusielloDr. Dennis A. Ausiello
Chief of Medicine, Massachusetts General Hospital
Chief of Medicine, Massachusetts General Hospital
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Dr. Michael S. BrownDr. Michael S. Brown
Distinguished Chair, Biomedical Sciences, University of Texas / Southwestern Medical Center
Distinguished Chair, Biomedical Sciences, University of Texas / Southwestern Medical Center
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M. Anthony BurnsM. Anthony Burns
Chairman Emeritus, Ryder System, Inc
Chairman Emeritus, Ryder System, Inc
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Robert N. BurtRobert N. Burt
Retired Chairman and CEO, FMC Corporation
Retired Chairman and CEO, FMC Corporation
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W. Don CornwellW. Don Cornwell
Chairman and CEO, Granite Broadcasting Corporation
Chairman and CEO, Granite Broadcasting Corporation
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William H. Gray, IIIWilliam H. Gray, III
Chairman, Amani Group
Chairman, Amani Group
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Constance J. HornerConstance J. Horner
Former Assistant to the President of the United States, and Director of Presidential Personnel
Former Assistant to the President of the United States, and Director of Presidential Personnel
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William R. HowellWilliam R. Howell
Chairman Emeritus, J.C. Penney Company Chairman Emeritus,
J.C. Penney Company
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James M. KiltsJames M. Kilts
Founding Partner of Centerview Partners Founding Partner of Centerview Partners
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George A. LorchGeorge A. Lorch
Chairman Emeritus, Armstrong Holdings, Inc
Chairman Emeritus, Armstrong Holdings, Inc
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Dr. Dana G. MeadDr. Dana G. Mead
Chairman, MIT Corporation
Chairman, MIT Corporation
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Suzanne Nora JohnsonSuzanne Nora Johnson
Former Vice Chairman, The Goldman Sachs Group, Incorporated
Former Vice Chairman, The Goldman Sachs Group, Incorporated
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William C. Steere, Jr., William C. Steere, Jr.,
Chairman of the Board, Emeritus, Pfizer Inc
Chairman of the Board, Emeritus, Pfizer Inc
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
Item 1:Item 1:Election of Election of DirectorsDirectors
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
Item 2:Item 2:Ratifying Ratifying
Selection of KPMGSelection of KPMG
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
Item 3:Item 3:Shareholder Shareholder
Proposal RegardingProposal RegardingStock OptionsStock Options
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Item 4:Item 4:Shareholder Shareholder Proposal to Proposal to
Separate ChairmanSeparate Chairmanand CEO Rolesand CEO Roles
Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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The Polls Are ClosedThe Polls Are Closed
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
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Order of BusinessOrder of Business
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment
I. Chairman’s Welcome and Report
II. Call to Order for Business Meeting
III. Declaration of a Quorum
IV. Voting Items
V. Final Voting and Closing of Polls
VI. Preliminary Results of Voting
VII. Questions and Answers
VIII. Adjournment