The enterprise denied the allegations. In a statement at the time, Mr. Solomon mentioned, “We keep on being committed to making certain that we run in comprehensive compliance with all regulations and restrictions.”
In 2011, Forest Labs received a proxy struggle against the shareholder activist Carl C. Icahn, who had argued that the enterprise experienced misplaced billions of dollars of shareholder price more than the previous 10 years. Mr. Icahn ongoing to go after Forest Labs with a second proxy combat in 2012, which finished with a single of his nominees elected to the company’s board.
In a letter to Mr. Icahn all through that battle, Mr. Solomon wrote: “Your discourse therefore much has proven a hanging deficiency of strategic ideas. In its place, it has been replete with wild and baseless accusations, innuendo and distortion of points.”
Nevertheless, at some place, Mr. Solomon reached out to Mr. Icahn, and they experienced a series of dinners.
“We received friendly,” Mr. Icahn explained in a telephone job interview. “I considered he was a good gentleman, a courtly dude.” He included: “I did not concur with the way he ran the business automatically, but he was a pleasant guy who was thrilled with the final result. He created a large amount of cash.”
In 2013, Mr. Solomon declared his retirement as main executive and was replaced by Brent Saunders, an executive helpful with Mr. Icahn. Then, in early 2014, Actavis (now Allergan) paid out $25 billion to purchase Forest Labs. Mr. Solomon, still the chairman, remaining immediately after the acquisition and shaped a spouse and children investment decision agency with his more youthful son, David, who experienced been a Forest Labs executive and who also survives him.
In addition to his sons, Mr. Solomon is survived by his wife, Sarah Billinghurst Solomon, a former assistant basic supervisor of artistic affairs at the Metropolitan Opera, and 5 grandchildren. His to start with spouse, Carolyn (Bower) Solomon, died in 1991.
Mr. Solomon experienced in depth philanthropic interests, in particular opera. As a teen he paid for piano classes at the Manhattan University of Music by providing librettos to patrons of the outdated Metropolitan Opera on 39th Street and Broadway. He afterwards turned chairman of the Met’s finance committee, chairman of New York City Ballet and a board member of Lincoln Middle.
His wish to do the job into his 80s was, he reported, motivated by the instance of Giuseppe Verdi.
“Growing up, he’d converse about Verdi producing ‘Falstaff’ in his 80s,” Andrew Solomon said. “‘Imagine that,’ he’d say, ‘in his 80s, he wrote some of the best music ever created.’ That was the path he hoped to stick to.”