Ex-Novartis (NOVN.S) Chief Executive Joe Jimenez regrets rushing into a $100,000-per-month consulting contract with U.S. President Donald Trump's personal lawyer but said post-election uncertainty over the incoming administration's healthcare ideas put pressure on the Swiss drugmaker to sign a deal quickly.
In a statement, Ehrat said, "Although the contract was legally in order, it was an error".
Last week, Daniels' lawyer Michael Avenatti wrote on Twitter that Novartis and US telecoms giant AT&T had used the services of Cohen's firm Essential Consultants - the same company used to make the payment to Daniels.
Ehrat will be replaced starting from June 1 by Shannon Thyme Klinger, who is now Novartis's ethics, risk and compliance officer.
Mission: Impossible - Fallout: Tom Cruise fights vans, helicopters, assassins in new trailer
The story of this new film finds Tom Cruise's Ethan Hunt on the ropes, as the IMF's past good deeds come back to haunt them in the worst way.
NES and SNES Classic Editions to return
Nintendo retro consoles have been very good sellers, with the SNES Classic Edition even outselling the NES Classic Edition. Neither mini console comes with a power adaptor, but you can use any USB power adaptor.
Everton manager Sam Allardyce leaves after six months in charge
Sam was brought in at a challenging time last season to provide us with some stability and we are grateful to him for doing that. He believes Allardyce did a very good job in ensuring a top ten finish for Everton after such a horror start to their season.
The one-year deal with Essential was revealed last week when lawyer Michael Avenatti, whose client Stormy Daniels is suing Cohen, announced several corporations paid hundreds of thousands of dollars to the shell company. "As a co-signatory with our former CEO, I take personal responsibility to bring the public debate on this matter to an end".
"We should have just definitively parted ways with this guy as soon as we knew he was not going to be a help", said Jimenez, who claimed Cohen told him he no longer worked for Trump at the time of the contract's signing. Jimenez left the company last September.
However, following its initial meeting with Cohen in March 2017, the company realised that he would be "unable to provide the services that Novartis had anticipated", but was unable to break the contract.