anonymous
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anonymous
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Question: If Boston Heart was doing so well and there are no issues, why would the CEO be resigning?
The CEO didn't resign. The CEO was removed by Eurofins, which owns BH. The CFO is also gone.
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Question: If Boston Heart was doing so well and there are no issues, why would the CEO be resigning?
Please elaborate... I also know Eurofins is holding Escrow. For us who are not into finance what does that mean.Milestone Payment at 18 Months
Please elaborate... I also know Eurofins is holding Escrow. For us who are not into finance what does that mean.
Company keeping certain staff on for a period of time during transition. Usually at the end of the period there is a payout of some sort. Normally used to keep people from jumping ship during an acquisition.
OK, so what does that mean for the employees that are here now? what do you know about new CEO?
Should be business as usual, for now, unless management decides to make changes. Typically, new management will look to cut costs to improve margins, but that can take a while.
Also, the company still has the OIG thing out there, so who knows what's up with that.
Don't know anything about the new CEO.
OK here is the scoop. Rumors are swirling that Boston Heart (Eurofins) and True Health are close to announcing a deal. Eurofins will be the majority owner of True Health within 3 months. Eurofins is in the process of leasing more space in Massachusetts. Who knows whats true and what isn't. Crazy times folks.
Susan and Kim are gone because of good reason... Not milestone payments!
This is just the beginning of cleaning up this company. Eurofins will do a good job straightening things out but reps won't like their reduced commission potential.
Susan and Kim are gone because of good reason... Not milestone payments!
This is just the beginning of cleaning up this company. Eurofins will do a good job straightening things out but reps won't like their reduced commission potential.
So yeaa that payment at end of period is not happening. It has to do with OIG issues, there's smth fishy.Company keeping certain staff on for a period of time during transition. Usually at the end of the period there is a payout of some sort. Normally used to keep people from jumping ship during an acquisition.
There was once a great little place to work in framingham. This place had such a great potential, but then "growth" happened.When did Susan and Kim leave? Is Matt still there over sales?
Exactly right. No milestone payment. When you don't meet your goals four out of five years you shouldn't receive anything. I also agree with the above post and without a doubt Eurofins will come in and change the commission plan. Not for the better. Matt is still there. He should be. He wasn't involved in any of SH or KB's antics.So yeaa that payment at end of period is not happening. It has to do with OIG issues, there's smth fishy.
The " Calm " before the " Storm ". Buckle up, it's heading for BHDx with a fury. Everything's Big in Texas.