Operating income was USD 159 million (-58%, -22% cc). Core operating income was USD 703 million (-27%, -12% cc), primarily impacted by declining sales as well as higher spending in R&D and M&S behind investments to drive growth and an increase in provisions for bad debt in Asia. What bad debts Joe is referring to ? Is it Vasan? SK what about the incentives/promotions your cronies got due to Vasan sales all of which is being written off as a bad debt. Sk you are a huge failure. You have a false sense of being a great leader which is truly laughable.
y! look at the cribbing of the guy ! first you think why you are fired? and reform and become a man of integrity
As long as this shit was limited to Asia it was manageable but the magnitude of this has not just affected Jeff it is affecting Joe also and that is the reason SK won't last. What kind of pathetic business acumen he showed by continuously billing Vasan despite mounting outstanding. Pharma leader also took him for a ride and did the same thing. Now they have reduced the targets and again target reduction benefits went to cronies. Joe should understand this fact that if his Alcon Turnaround plan (which will be unveiled in Jan) doesn't includes a total cleansing of top management nothing is going to change.
Unless JG and Alcon Asia's management realize that most if not all of Asia's GMs under RA were chosen based on their loyalty and willingness to follow orders without question and not based on their competence, leadership and integrity then all is lost for this once proud region. All RA's former cronys will do is blame RA for everything while covering up their part in putting Asia where it is now. Now you are spending a lot of money on external consultants to uncover what really happened in Asia but still have most of the same people who were responsible for all the crap leading the Asian countries. What a waste! Wake up JG and Asia leadership everyone in Asia knows what happened in Asia except you... You are being taken for a ride while we all watch in amazement how all of you cannot see what is right in front of your face. Maybe your brain and judgement is affected when your ass gets licked and kissed too much.
JG's "new" leadership team in asia are clueless as to the real situation on the ground. They are blind! They cannot see beyond all the BS being thrown in the air by RA's cronys. All the cronys are concerned about is covering their ass and keeping their jobs. An investigation overseen by the same people who committed all the wrongdoings that are subject of the investigations? And JG expects to find out the truth and fix what is wrong with asia? Is this all a bad joke? Are we in the twilight zone?
Its like removing Dracula but assigning his little blood sucking bats to fix and guard the blood bank. guess what will happen?
EVO, RL sit in ignorant bliss in SG while ex-RA GMs lull them into a false sense that everything is ok and we are making progress and cleaning things up... etc... guess what? we're not making progress...all we are doing playing a shell game in our markets to cover up our asses! JG, EVO and RL expect different results by keeping the same people... Naive to say the least... not at all what you would expect from highly touted ex NVS senior level executives.