Biogen Reports Financial Results Tuesday, May 3 - Michel pulling trigger

[anonymous]

To keep things simple, the “bottom line,” so to speak, will be Michel discussing cost savings. These cost savings make Biogen’s earnings call not look as gruesome as they will be discussing making more money in other endeavors in the future by spending less. Michel, as CEO, makes the final decision but he has been promising investors more $ cuts if this decision happens. Inevitably they would like to have this done prior to the earnings call rather than have all these employees on the books $$$ where it is an obvious lost cause. Lec is too far off to justify carrying employees in addition that Biogen doesn't own that drug.

 

[anonymous]

Agreed. If you do your research, data found that companies tended to get better financial results after a layoff when employees thought it was handled equitably and done for strategic reasons. It would better sense to layoff prior to the earnings call since Michel had already stated more cuts would be necessary if we received bad news. As Dumpy Deb (DD) stated on the call, this was the worst news Biogen would have received. DD should be fired. It really is that simple.

 

[anonymous]

How is michel still employed? Why does the ec have jobs?

This is literally insane. A monkey with a labeled dartboard could have more logically and effectively run a company.