Bob Bradway, 10 years as CEO

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anonymous

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Well, we all saw the slides, 10 years ago, "full-potential" by 2022. Hasn't really happened, has it. Just today, Bank of America has downgraded Amgen. Bob, maybe it's time to go.
 




I remember when Bob placed new requirements for Director and ED levels his first year. A year later we went back to individual Directors in the organization and ED with few head counts. Sadddddd
 




Just like a good saleman, Bob what putting a nice cover page in a shitty book by selling a recycle idea from the industry and making it a slogan. Two years later people stop talking about Full Potential and 2022 targets. But that is Ok, the guy keeps taking 20 millions plus every year with little return to Amgen. Nicely done
 




I know you can’t see it in your little quaint individual contributor bubble, but Bob is actually a really smart dude. Shows great leadership qualities around his table as well.

I don’t expect you to get it but if you participated or observed him in his engagements, you’d actually find him a great leader for our organization.

There are gaps below for sure- the root cause of which Amgen doesn’t cross pollinate leaders between functions, so when you get to a certain level they become so myopic to their functional kingdom. Bob tries remediate but can only do so much.
 




It’s taken 10 years for Bob to fix Kevin’s mistakes which are many and had been potentially crushing for the companies future. Kevin’s greatest accomplishment, hiring bob. Give him a few more years.
 




anonymous said:
I know you can’t see it in your little quaint individual contributor bubble, but Bob is actually a really smart dude. Shows great leadership qualities around his table as well.

I don’t expect you to get it but if you participated or observed him in his engagements, you’d actually find him a great leader for our organization.

There are gaps below for sure- the root cause of which Amgen doesn’t cross pollinate leaders between functions, so when you get to a certain level they become so myopic to their functional kingdom. Bob tries remediate but can only do so much.
Click to expand...


I've been in the room...guessing far more often than you have so I'l give you my insights as I predate BB at Amgen. He has not 'fixed' the well known toxic culture despite how many consultants we bring isn(is your fishbowl clean?)- yes in part created by KS, but BB has had ten years to fix it, we still have revolving door turnover throughout the organization and cannot attract or retain top talent, we routinely miss on key goals and metrics, he never built Amgen into a real player in oncology, poor acquisition decisions and overspending to get them, very mixed reviews from the sell side analysts on his tenure, lastly yes BB is smart...there are a lot of smart CEO's, he lacks leadership, passion, the ability to inspire, or just plainly he lacks likability and charisma. No once is getting out of bed inspired because of BB at the helm. He's just not that guy. I've worked for biotech CEO's who where/are and it is clear that BB isn't one of them. He is a dud in those departments so to call him a great leader is laughable. He is a great financier, and he should get a ton of credit for that, but that is where his skill set begins and ends. BB isn't writing any books like Lee Ioacocca, or Jack Welch after he retires. Amgen had the potential and the foundation and lord knows the money to have become something much grander than what BB has led us to in ten years at the helm.

"...Amgen doesn’t cross pollinate leaders between functions, so when you get to a certain level they become so myopic to their functional kingdom. Bob tries remediate but can only do so much".

And who's fault is that? BB could fix the functional kingdoms, and the lack of cross pollination. That is 100% on him and no one else.
 












































You all seem to be missing the point; look at the trend in Amgen's stock price over the past 10 years and then the 10 years preceding it... For those that really matter to the Company, there aren't many complaints to be had.
 








anonymous said:
You all seem to be missing the point; look at the trend in Amgen's stock price over the past 10 years and then the 10 years preceding it... For those that really matter to the Company, there aren't many complaints to be had.
Click to expand...
Ten years ago the only thing Bob did was to called all his friends in the investment and banking industry and asked them to buy Amgen stock since he sold them a beautiful future.
We are still waiting for that miracle future !!!!!!!
 




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