Board of directors and CEO please read

Quote

Anonymous

Guest
I know a lot of people who work at Merck and it’s a shame. The first rule of management is to realize that the most important asset a company has is its people. It is understanding that some jobs may be gone because of duplicate positions after a merger but you are going overboard. You already have an experienced talent pool in place. That is extremely hard and time consuming to accomplish. The next logical step would be to use the people who are already there, increase the pipeline, get new drug approvals and make money. There is a much greater return on investment by keeping the people who make the company money over time. I almost think Merck bought SP for its patents and pipeline without having a long-term vision. People are the most important ingredient for a successful company. The best way to increase shareholder value is to make your own successful drugs. No company has ever made a penny by closing down buildings and consolidating. I know people are going to say that Merck is investing millions of dollars into a building there. That is 2 years away. I have done that for a company and the amount of overages and unexpected issues to overcome are overwhelming. 120 million dollars does not get you much in Jersey.
 






What you stated was the old Merck thinking: people as assets and the feeling of family. Now it is people are disposable and there is a pool of willing applicants out there. Bottom line and stock price are more important.
 
























Oh I agree with you that Merck should make their own new drugs to regain leadership. But the reality is you can't make new drugs if your head of research and development and his cronies don't have a clue on how to do the job properly. They bought useless fancy companies that gave no return, they keep busy showing colorful but worthless Power Point show & tell, they rape Schering-Plough pipeline only to find out a year later that it ain't worth that much, and finally they specializes in eliminating their perceived enemies to remain afloat. Until you clean up that mess and install a competent team with a winning strategy, then keep on dreaming.
 


















Top Bottom
Back
Quote