NOVARTIS PENSIONERS TREATED BADLY

Discussion in 'Canadian Reps' started by 25% behind, May 3, 2010 at 4:33 PM.

  1. 25% behind

    25% behind Guest

    If you think you will be looked after as pensioner by this co. forget it. You'll get only the minimum especially if you are amongst the current crop of pill pushers. In fact most if not all will never make it to retirement with this Co. They don't want you either. They want your blood, sweat and hard work that often includes illegal stuff as reported here already by someone.
    Your pension plan has been streamlined and soon it will be cut to bare bone, so only if you save all your career and survive all the roadblocks they will throw at you, especially once you are not needed as per your age or performance, you may end up with few chicken bones.
    What about the current pensioners, how do they survive on their, what was supposed to be very good plan, at the time they retired for whatever reson? They still have some benefits built into that plan, like dental (if you still have teeth). But their incomes have been eroded to, in some cases bare minimum. The company does NOT keep up with reality of inflation and general increases in cost of living (as they do with them and you for their drug prices can easily afford it and support it) for pensioners. The real income for them has dropped by just over 25% sine last adjustment in 1999. That is eleven years ago. Lot has happened since then and yet they don't do anything inspite of huge success in milking the Canadian public health care with their high prices and overpromotion of drugs many illegaly and unethicly for additiona profit. YET NOTHING FOR CANADIAN PENSIONERS.
    These are the people who have put this co on the map of Canadian drug market and made the company (two that were merged the envy of the industry.). YET NOTHING FOR CANADIAN PENSIONERS.
    However, In Switzerland things are completely different and fine for their pensioners. They adjust their pensions on regular basis. We are not sure if it is on yearly basis but very often. Certainly they don't do it once in decade or maybe in century the way they behave nowdays in Canada. That is a shameful behavior toward the most vulnarable of this Co. Maybe these valuable people at one time, are not considered of any value to this Co and what they did is no longer appreciated. Or they may think what was paid to them while they worked was more than enough in terms of compensation. That is not true. Just like you the current employees the pensioners while "current" were NOT paid their fair share of income they generated for the Co. Why? Simple. They contributed far more by being forced to do not only "legal" work but also lot of illegal and unethical work that brought in huge extra $$$ that were kept by the CO and its movers and shakers. Vasella would be a good example.He has collected well over a billion Swiss Fr. so far (same in $$) and is currently paid 44.000.000,00 SFR/year in base sallary. You can imagine what the others are paid including your new CEO. But not you the reps and your retired colleagues that made it possible for you to be where you are.
    So this is your "best Co to work for" and how they treat those who made so many sacrifices of their lifetime with the co. Yes many have give their best years to this Co and yet, NOTHING FOR THEM from the huge thake this Co takes from our taxpayers and our people. Shame on them.
    ps: if you know the CEO's email, please email this post to him/her.
     
  2. Anonymous

    Anonymous Guest

    Stop bitching you old f....Don't you get that big bonus at Christmas time? What is it? $50, that'll keep you ahead of inflation. Seriously, this Co stinks big time, everywhichway.
     
  3. Anonymous

    Anonymous Guest

    What is wrong with this picture: Novartis Canada pension Committee chair is Robert Peltzer, Prez and CEO of Novartis USA. The lesser members are from Novartis Canada. How convenient for USA where their pensioners get regular adjustments as they do in Switzerland. Does this fact have to do anything with our pensioners being left behind and left to fend for themselves? Why should a CEO of US affiliate give a f.... about Canadian old folks.
    Apparently this bizzare situation has gone on for ever.
    Recommended action: our pensioners should elect a representative to go to Hanover NJ, hat in hand, get on his/her knees and bag for few chicken bones at least every 10 years. That'll work.
     
  4. Novartis AG & all the affiliates never lost money and are one of the most successful and rich bigpharma Co. OK so they get good deal of their profits from unethical, illegal, criminal and immoral ways of doing biz.That is done everywhere be it first, second or third World countres.They are equal opportunity exploiters.
    Re pension fund for Canadians who gave their lifetime of hard work for them: It is "underfunded". Yes this super rich Co is deliberately underfunding your pension fund so to look like there is NEVER enough money or just enough to pay you that behind-the-living-cost pension. Don't worry your pension is safe. It is not Nortel's fund but fund earned by you while making this Co one of the super rich of any business. But what is not safe and sure that you will be able to maintain your anyway modest lifestyle till the last of your "golden" days. Or should we say strugling days (at least for significant number of you) thanks to Dickensonian attitude of this Co. "More please, Sir".
    Yes folks, your former employer and current pension master, is using same lies and manipulations in handling your pension fund as they do in handling their business in general. Why not? It works very well for their business culture and approach and so far no one managed to expose them or have them investigated for all those illegal activities that their friends south of the border got caught and punished, with more to come.
    You have to give it to Americans though. They let you do business seemingly without any controles and limits but if you break the rules and get caught, watch out. On the other hand we seem to control our businesses with all kinds of rules and limits, yet we don't even seem to be interested to catch and punish any corporate thiefs if they step out of line. This Co and all other bigpharma are very good example. Not one got caught and punished for any reason (and there are plenty) by the fed. laws enforcement even though we too have some laws in place. So you may as well stop wondering why then you have no power to change anything re your lagging-behind-pension, for your Co is not at all afraid of anything.They'll continue to do things the way they want to, till someone comes up with the right formula to stop this medieval behavior.
     
  5. Anonymous

    Anonymous Guest

    It is true they lied to pensioners and their rep. The former CEO to the current Tom Rossi, lied for two years. Appointments were agreed upon and made so the issues would be discussed. Every time they were canceled just before the date with no explanations or rebookings. The poor rep kept asking for another, would eventually get it and then, you guessed it, the appt. was canceled without any explanation. The guy before this one did the same. This is gone for at least 4-5 years. Obviously this is a pattern of lies and delays in hope that the poor retires would give up or die, whichever comes first it's OK with Novartis AG.
     
  6. Anonymous

    Anonymous Guest

    boy this must be embarrassing to Novartis ag "the best employer". i googled "novartis pension" und it came up on second page almost next to it's bragging about being one of the top emplyer in Canada. what a laugh.hopefully they do something about it to correct this sorry state und embarrassing message that can be seen worldwide.maybe i'll walk over to their hq on the rhine und tell them. after all we in basel und switzerland don't like to be considered outcasts und bad guys, as you say no? ps; lot of wery interesting things about this, one of our most famos drog companies.
     
  7. Anonymous

    Anonymous Guest

    GOFUCKYOURSELFCANADA. The fact that you even use the word "pensioner" is laughable. Socialism is great isn't it?

    I want to ask the idiot that keeps posting his lost cause on this board about "organized corporate crime" and all the other bullshit: Why are you wasting your time?
     
  8. Anonymous

    Anonymous Guest

    First this moron comes on periodically with useless comments.In between he resides under some rock in Little Rock, somewhere in USA.Wonder if he is the same A-hole visiting US CP Novartis board. If not go there and see how the US reps "wasted" their time and got Novartis in initial trouble that cost them over 1/2 Billion in fines for the crimes they did there.We'll cont. to "waste" our time here till we too get this Novartis affiliate in same or even worse touble. It is coming everyone can be sure of it.
    In the meantime, crawl under that rock of yours and stay there.
     
  9. Anonymous

    Anonymous Guest

    DELETED BY TOM ROSSI & DON VASELLA HIMSELF.
     
  10. Anonymous

    Anonymous Guest

    As much as I don't like the GOFUCKYOURSELFCANADA part, I'm going to have to agree with this guy. I don't know who you are, but it is obvious you have an obsession with taking down the drug companies. You spend a lot of time posting here which no one responds to or seems to even care other than reading your posts. Does it really matter that much? You probably spend more time making up your carefully crafted usernames for each post than you do living an enjoyable life. OK, so there are big companies out there that may not play by the rules all of the time. In the grand scheme of things, is this the most important, Earth shattering thing you need to focus on?

    You always say that the time is coming and there will be "justice". One final question: Out of all of the fucked up things in this world, why do you spend so much time on this?
     
  11. Anonymous

    Anonymous Guest

    I don't know who you r either. What "earth" shattering thing you focus on, or according to you there are no such things that one should focus on at all because they happen anyway and are fucked up, so why bother? That is exactly the problem for many if not (unfortunately) most people, so the companies like Novartis continue to do what they have done for decades, milk our health care by doing the regular thing along with the additional criminal stuff. Because no one does anything about it (Rx&D fines them on occasion with 5-10 thousands) they continue to do it and people like you agree it is OK. Victimless crime you say.
    Here are some victimless crimes you did: Diovantage 1-5, the fake post marketing trial that brought in well over $100million extra in Diovan sales paid for by taxpayers (read victims); Diovan Investment Fund, that doubled as bribery scheme ($5-25 thousands per crooked specialist who agreed to take it in return to Rx Diovan 3-5 times of $$ taken) also resulted in extra Dio. sales that were again paid by taxpayers/victims; offlabel promotion of Diovan and other drugs that resulted in wrong drug Rxed to wrong patients and perhaps some death never suspected or proven, as result dead taxpayers/victims. And so on and on, for this company as others has limitless arsenal of "alternative" business practices to get that super return on their $$.
    True story: In 2002 VP of marketing at the time, was asked why does such large, powerful and rich company need to use illegal practices to do business. This was in a very private setting and he was somewhat primed with company paid for alcohol (you know the scene).All present were of the highest caliber and this business of deliberate, planned use of illegal stuff was well understood, for they were all it's practitioneres. The "stupid" question came from one who seemd to still have some honesty left in him.
    "Let me put it this way, if we did not do it we'd never meet our objectives given to us by Basel, we never would have lavish salaries and bonuses as we do, we never would stay in such luxury hotels etc. etc. Simply that's the way Basel wants it and that's the way Dorval wants it and that's the way you must do it."
    Needless to say the question asker did not make it for the next national meeting in another lavish hotel.
    Yes, why spend time on trying to change this idyllic set up. Especially if you are in it and enjoy the benefits of the extraordinaly "success" of bigpharma business.
     
  12. Anonymous

    Anonymous Guest

    Hey, it has been awhile: GOFUCKYOURSELFCANADA.
     
  13. Anonymous

    Anonymous Guest

    By the way, why do you think you are deleting anything? It is still there and you don't have the power to do anything about it. And once again ... GOFUCKYOURSELFCANADA.
     
  14. Anonymous

    Anonymous Guest

    NoSpam word for this post was "foot". You put your foot into your loud dirty mouth every time you come here. And you are not welcomed. If you can't get this guy's "delete" symbolism what can you get? You simply are a supermoron.
    Unless you are one of the corporate assholes assigned to do such dirty work, get off and stay off. We welcome Novartis' HQ assholes. Some day they may get it.
     
  15. Anonymous

    Anonymous Guest

    not judging this co one way or another. if any of this is true they should look after their retirees better. good start would be to update their retirements to current price levels. how much can that cost. hope i and my cohorts will be treated better if we ever make it.
     
  16. Anonymous

    Anonymous Guest

    Apparently this Co just topped up the pension fund with $3,500.000.00 cheque to meet the legal requirement for funding. Just like that, they payed it out of their petty change they keep for such purposes. This is such a rich company that most have no idea about their wealth even though they worked for them, making that wealth. Yet they would not update the pensions for so many by now poor former workers out of their principal that says :"they don't get anything till we say so". What do they have against Canadian retirees? Others are updated on regular basis, but not Canadians that have contributed the most to growth and reputation relatively speaking. Is it the fact that Canadians are generally docile and never stand up for themselves? Perhaps and this is one of the main reasons they are abused and used to perpetuate this co's unethical, illegal and criminal activity that bring in so much extra profits without any fear of consequences to the company.
    Yes folks you are being punished for what you did so well for this predatory company that keeps on doing what they do best; rape and pillage every health care system they do busines with.
     
  17. Anonymous

    Anonymous Guest

    We are still waiting for that promissed appointment to discuss Canadian retirees issues, Mr. CEO of this rich Co. If you just give us 10% of that extra take you took by cheating our gov't, health care and people, we'll be happy and it will not cost you anything. How about it Tom? We promise not to say a word about you-know-what. Omerta for ever!
     
  18. Anonymous

    Anonymous Guest

    And you are going to keep waiting for a long time.
     
  19. Anonymous

    Anonymous Guest

    Not me, but there is a fine lady, poor thing still believes these Azzholes will come trough.She refuses to believe they are all liers and crooks who only pretend they are what they pretend to be. In reality they are as low life forms as their counterparts, called druglords of Colombia, Mexico and places like that. The only difference between that mafia and bigpharma mafia is that the one you work for is officially legal. Unless you work for the outlaw one, the Colombians. The jobs are basically same, you push your shit on those who may or may not need it.
     
  20. Anonymous

    Anonymous Guest

    NOTHING HAS CHANGED. THEY CONTINUE WITH LIES TO THEIR PENSIONERS AND THEIR REPS. APPOITMENTS ARE GIVEN OUT ONLY AFTER BEGGING FOR MONTHS AND THEN AS ALREADY REPORTED THE APPOINTMENT IS CANCELED. IN THE MEANTIME NOVARTIS WORLDWIDE REPORTS HIGHER THAN USUAL GROWTH. MANY WHO KNOW WHAT IS GOING ON AGREE THAT THIS IS A RESULT OF FRAUD COMMITTED NOT ONLY IN USA (PUNISHED WITH HUGE FINED ALREADY) BUT IN EVERY COUNTRY THEY OPERATE. EVEN IN SWITZERLAND THEY DEFRAUD THEIR VERY OWN GOV'T AND PEOPLE.
    WHAT CAN POOR RETIREES DO? CAN YOU HELP THEM WITH SOME IDEAS?
     

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