With so many changes happening at the mercy of McKinsey, can BMS move up from here?
Any optimists about the future? Or will the damages be too far gone to repair?
The same clueless people who were responsible for all of the failed decision making and leadership are still in charge. Other than getting worse, nothing changes until they are swept out (Boner, Lerch and all their sycophants). Money talks so change will only happen when the board, prompted by large investors, push them out due to stagnant and declining stock price
BINGO. Spot-on.
And the reputation in the industry of mismanagement and poor leadership is already out there......i hear the question "BMS.....
Gio pulled the pin on the Celgene grenade 4 years ago and now the devastation is exploding and taking out everything in sight. All of Boner’s recent drunken sailor buying spree acquisitions will also drive this company further into the red…
Gio pulled the pin on the Celgene grenade 4 years ago and now the devastation is exploding and taking out everything in sight. All of Boner’s recent drunken sailor buying spree acquisitions will also drive this company further into the red…
Celgene has better pipeline. How many products Celgene and BMS developed in past the 15 years? BMS has poor Research, product development, manufacturing and marketing. Company lost its way with Eliquis and Yervoy success. Too many management roles, departments and decision-making layers. Technical competency is pretty poor across all levels. It is sad but it is what it is.Gio pulled the pin on the Celgene grenade 4 years ago and now the devastation is exploding and taking out everything in sight. All of Boner’s recent drunken sailor buying spree acquisitions will also drive this company further into the red…
You BMS-lifers are just too funny. Celgene was a life preserver spackling over the deep fissures created by yers of mismanagement. Without the Revlimid $ to carry your lame asses, you would have sunk more quickly into the depth of ineptitude that seem to approach with more certainty each passing day. How many time do you need to be reminded, you sold off a multi-billion $ juggernaut for a JAK inhibitor already tattooed with a negative class halo, passed on sotatercept, squandered the commercial viability of the ozanimod MS/UC franchise, fumbled multiple launches in a variety of therapeutic categories. There is a reason why people say “Same Old BMS” because a complete lack of innovation, and mid-90’s reach & frequency paradigm thinking. Look at the parade of clowns we’ve seen come and go over the last 5 year. If you want to see what I am saying just spend a couple of hours at PPK. Be sure to go early in the morning around 8AM. You can park anywhere you want and even roll a yoga mat out in the middle of the office because no one will arrive until 9-9:30 and when they do its down to the Starbucks for coffee and then a vigorous hour-long discussion on what they ate for dinner the night before and what they want for lunch. Around 11 the tone shifts from a busy morning of chit chat and sending 3 emails about the next POA & executive spotlights to heading downstairs for lunch. Between 11:30-1 the cafeteria is like Lollapalooza. Every kind of cubicle clown is there without a care in the world. Corporate may even have a giveaway table for everyone to help themselves to. Between 1PM - 3:30 it tends to get quiet due to the collective post-prandial spike but close to 3:45 things start to percolate. It is at this time that you better not be standing anywhere near the elevators or the stairs or risk getting run over by the swell of humanity leaving the collective stresses of the day behind. BMS is singularly unique in it’s ability to be home to so many clock watching, passive people who have no motivation to be otherwise. In fact, they are celebrated for it. So yeah, blame Celgene for the self-inflicted crap we are experiencing. In fact, now that I think about it, Boner, Lerch & Tina were all former Celgene people right?
You BMS-lifers are just too funny. Celgene was a life preserver spackling over the deep fissures created by yers of mismanagement. Without the Revlimid $ to carry your lame asses, you would have sunk more quickly into the depth of ineptitude that seem to approach with more certainty each passing day. How many time do you need to be reminded, you sold off a multi-billion $ juggernaut for a JAK inhibitor already tattooed with a negative class halo, passed on sotatercept, squandered the commercial viability of the ozanimod MS/UC franchise, fumbled multiple launches in a variety of therapeutic categories. There is a reason why people say “Same Old BMS” because a complete lack of innovation, and mid-90’s reach & frequency paradigm thinking. Look at the parade of clowns we’ve seen come and go over the last 5 year. If you want to see what I am saying just spend a couple of hours at PPK. Be sure to go early in the morning around 8AM. You can park anywhere you want and even roll a yoga mat out in the middle of the office because no one will arrive until 9-9:30 and when they do its down to the Starbucks for coffee and then a vigorous hour-long discussion on what they ate for dinner the night before and what they want for lunch. Around 11 the tone shifts from a busy morning of chit chat and sending 3 emails about the next POA & executive spotlights to heading downstairs for lunch. Between 11:30-1 the cafeteria is like Lollapalooza. Every kind of cubicle clown is there without a care in the world. Corporate may even have a giveaway table for everyone to help themselves to. Between 1PM - 3:30 it tends to get quiet due to the collective post-prandial spike but close to 3:45 things start to percolate. It is at this time that you better not be standing anywhere near the elevators or the stairs or risk getting run over by the swell of humanity leaving the collective stresses of the day behind. BMS is singularly unique in it’s ability to be home to so many clock watching, passive people who have no motivation to be otherwise. In fact, they are celebrated for it. So yeah, blame Celgene for the self-inflicted crap we are experiencing. In fact, now that I think about it, Boner, Lerch & Tina were all former Celgene people right?
You BMS-lifers are just too funny. Celgene was a life preserver spackling over the deep fissures created by yers of mismanagement. Without the Revlimid $ to carry your lame asses, you would have sunk more quickly into the depth of ineptitude that seem to approach with more certainty each passing day. How many time do you need to be reminded, you sold off a multi-billion $ juggernaut for a JAK inhibitor already tattooed with a negative class halo, passed on sotatercept, squandered the commercial viability of the ozanimod MS/UC franchise, fumbled multiple launches in a variety of therapeutic categories. There is a reason why people say “Same Old BMS” because a complete lack of innovation, and mid-90’s reach & frequency paradigm thinking. Look at the parade of clowns we’ve seen come and go over the last 5 year. If you want to see what I am saying just spend a couple of hours at PPK. Be sure to go early in the morning around 8AM. You can park anywhere you want and even roll a yoga mat out in the middle of the office because no one will arrive until 9-9:30 and when they do its down to the Starbucks for coffee and then a vigorous hour-long discussion on what they ate for dinner the night before and what they want for lunch. Around 11 the tone shifts from a busy morning of chit chat and sending 3 emails about the next POA & executive spotlights to heading downstairs for lunch. Between 11:30-1 the cafeteria is like Lollapalooza. Every kind of cubicle clown is there without a care in the world. Corporate may even have a giveaway table for everyone to help themselves to. Between 1PM - 3:30 it tends to get quiet due to the collective post-prandial spike but close to 3:45 things start to percolate. It is at this time that you better not be standing anywhere near the elevators or the stairs or risk getting run over by the swell of humanity leaving the collective stresses of the day behind. BMS is singularly unique in it’s ability to be home to so many clock watching, passive people who have no motivation to be otherwise. In fact, they are celebrated for it. So yeah, blame Celgene for the self-inflicted crap we are experiencing. In fact, now that I think about it, Boner, Lerch & Tina were all former Celgene people right?
Every kind of cubicle clown is there without a care in the world.
For the food? drink?I care.
This is insanely accurate. I worked at PPK for the past 5 years and you described it perfectly except you forgot about the zillion random parties and celebrations filled with gifts and food/wine. Nothing at all will change. Why would it when all you have to do is smile and nod and play along with all the ridiculously horrible decisions being made.
