I'm putting Merck & Co., Inc. on a PIP!!

Discussion in 'Merck' started by Anonymous, Jun 24, 2011 at 12:43 PM.

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  1. Anonymous

    Anonymous Guest

    This company has officially been PIP'd by me...As a stockholder, I am sending
    the message to management that they better get their S*&t together ASAP, or
    they are going down faster than Linsey Lohan on a vodka tonic...

    The quality of the managment here is atrocious...Until they cut middle management
    by 2/3rds, nothing will change...

    I also don't get the logic of declaring war on the sales force, and having a misery
    campaign to get people to quit? Why would you want the people who are on the front
    lines, and the face of the company to the customer, to have such piss poor morale??

    Ugly place to work.
     

  2. Anonymous

    Anonymous Guest

    Because it is all "by design". The sales force is a liability, not an asset (i.e., due to dried-up pipeline, generic saturation, attractive cheap contract sales force option).

    Merck is making reps miserable so that they quit, which means less severance to pay out in the next round of layoffs.
     
  3. Anonymous

    Anonymous Guest

    ex-merck. agree with previous posts. ran into a couple of ex co-workers today. seemed to confirm every attitude on this board. some very talented hard working reps leaving on thier own. Yet bloated non-revenue producing, non-working (paper shuffling,e-mail, excel producing) middle management, that sector never turns over. Used to be the only way someone left merck was retirement, Now I bet turn-over in the sales force has got to be 20%. How's that working out? Now lets think about this business model for a moment. Keep adding and lavishly paying managment, who don't really seem to add anything unless you count adding negativity as an "add". Pharmaceutical rep generated sales of prescription products works. I work for a small start up. I can show you the numbers. merck engineers high turnover of its reps, either through downsizing or a hostile work enviornment yet keeps and expands management opportunities, who don't interface with customers, don't really seem to do anything, yet this is the road to prosperity? "manage" your way to market share? Why should I care? Because I'm a stock holder, running out of patience. When I left 3 years ago stock was over $38. Today $34.55. Hasn't even sniffed $40 in years. You telling me that a co. like merck, part of the Dow. cornerstone of healthcare can't get it's stock over $40? Hey KF your business model ain't working. Don't even get me started on Pfizer. $20.08? Really? These co.'s are collapsing under thier own weight. Everyone at the top just standing around watching. No. actually giving thier companies a hard push down the hill. What the hell?
     
  4. Anonymous

    Anonymous Guest

    great post...it is truly outrageous...the people running the Mercks and Pfizers of the world are just speeding up so they can crash into the wall a little harder...And yes, high turnover is engineered into the system...No one with any dignity would stick around and be treated the way Merck treats their reps...Only the sheeple remain...(mostly women because they are more used to getting fu&*ck in life.)
     
  5. Anonymous

    Anonymous Guest

    Stock will move up when overhead expenses go down with reps gone. Part of the plan. A lot of tired and weary reps wondering if their scheduled for the layoff bin just like me.
     
  6. Anonymous

    Anonymous Guest

    you know what? moving the stock by cutting the sales force ain't working. look at the empirical evidence. I don't know what mercks doing but now it aint working.
     
  7. Anonymous

    Anonymous Guest

    Here's what I intend to do on Monday:

    I will contact Merck via email and "invite" it to a "meeting" with it's manager. When it arrives, it will find that its manager is there...along with its DCO, an HR person and a Merck investigator. After we attack and degrade it for a few hours, we'll tell Merck it's fired, ask it for its computer and company car keys, explaining that Merck can use its corporate card one last time---to pay for the cab ride home.

    Sound crazy? Happens every day...
     
  8. Anonymous

    Anonymous Guest

    Watch out and run for the hills. Do not attend Manager Foudations!
    And this is the solution by corporate to fix managers at merck. This is a program that is through corporate and it sucks. The program is the same one they had years ago call managing @ merck which sucked as well And now the same old program with a name change and the only one making a lot of money from this program is the same old vendor And no surprise the vendor has past merck employee's working for them and they all have family working for merck as well. Cna you say "conflict of interest" Oh well that's OK
     
  9. anonymous

    anonymous Guest

    Not just the sales force with the poor morale. Read the survey response.
     
  10. anonymous

    anonymous Guest

    It doesn't happen enough, we will increase the terminations as the year progresses. Once the sales force is total contract the company will prosper.
     
  11. anonymous

    anonymous Guest

    As folks have said, the good ones are leaving the company and all that's left are the people who are too scared to leave. We just lost one of the best managers in the West to another industry! I hear he even took a significant pay cut to leave!?! Seriously, what is Merck doing?
     
  12. anonymous

    anonymous Guest

    Merck is allowing Type A, backstabbing narcissists run the company and hire more like minded losers to continue its implosion.
     
  13. anonymous

    anonymous Guest

    who in the West left? and for what industry?
     
  14. anonymous

    anonymous Guest

    Bryan Dwyer. Unsure of what industry he went to.
     
  15. anonymous

    anonymous Guest

    thanks...
     
  16. anonymous

    anonymous Guest

    If you don't work here why even post. Maybe you miss it here. Maybe you are so sad and pathetic that even though you are gone you have nothing meaningful in your life. Look forward. Spend time with the family. Find a hooker. Workout and become a hooker. Do something.
     
  17. anonymous

    anonymous Guest

     
  18. anonymous

    anonymous Guest

    What! You are kidding, he has a great reputation, he represents what the new age manager should resemble. When i first read this post i thought a miracle had happened. I thought Merck finally got rid of the male manager (no names) in the same area as BD. This guy has pushed out so many reps and ruined lives, even hq is aware of his horrid reputation. Complaints and feedback is ignored by the current and past dco's, he is a major liability for Merck. I know of five people on his current team circulating resumes. Sorry you are losing BD, he is a class act, remember him from my SP days. Keep that other norcal ctl away from the LA region, we don't need those problems in our region.
     
  19. anonymous

    anonymous Guest

    Agreed. He was thrown a "Going Away" party by many on his team and several reps showed up to say their goodbyes. You don't see that when people leave ... hardly when they retire! Merck is stupid to let him go without a fight. Sad day in Northern CA and beyond.
     
  20. anonymous

    anonymous Guest


    Sure bet the George is turning in his rest....growth, innovation and prosperity gone kaput...

    Is it the the whole dang pharma thang or just some big failures in honcho-land?