CEO Mike Ball

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Anonymous said:
Proejct Fuel and McKinsey....... what a bust............ Is it true that one of McKinsey's "stars" was given a position at Hospira?
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Well duh. HSP is the red-headed stepchild of Abbott, a firm headed by Miles D. White who in addition to being the CEO of Abbott was at one time a McKinsey partner. When you look at Miles tenure as Abbott CEO you see that his leadership consists entirely of three card monty management consulting scams and short on actual skill (ie. innovation, true leadership). This in addition to the many accolades the man has received for being one of the most overpaid ceos in the U.S. Of A.
 






Mike has hired consultants that will get Balls-deep into the annals of HSPs issues, not the F-Balls that Begley hired to help him gin up the stock before his big cash out.
 






Anonymous said:
Mike has hired consultants that will get Balls-deep into the annals of HSPs issues, not the F-Balls that Begley hired to help him gin up the stock before his big cash out.
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When your to stupid (and over paid) to figure out how to fix the problem, consultants are great. That way you can blame someone else for the screwup.
 






























Worked with him at Allergan. Nobody there mourned his departure, and everyone who knew him was doing a happy dance when he finally walked out the door. A bunch of people even asked if his name had finally been removed from the email list.

Hiring consultants to cover for him is just his style. He always wanted to be the "nice guy" even though he was the worst problem at Allergan. Hope you all survive him, because he is the type who will take as many people out as he can before he is booted out.
 






Anonymous said:
Worked with him at Allergan. Nobody there mourned his departure, and everyone who knew him was doing a happy dance when he finally walked out the door. A bunch of people even asked if his name had finally been removed from the email list.

Hiring consultants to cover for him is just his style. He always wanted to be the "nice guy" even though he was the worst problem at Allergan. Hope you all survive him, because he is the type who will take as many people out as he can before he is booted out.
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This story is all too familiar in corporate America. Is there any wonder why our economy is in the toilet as so many corporations are failing...or in danger thereof. The reason...bad management.

All CEO's are the same with few, if any, exceptions. They're opportunists and do whatever they have to in order to join the fraternity. Once in, their goal is to make as much money as they can for themselves FIRST, stockholders second, actually the same thing, as they pump up their stock options.
Once they drain the coffers and get the money into their offshore accounts, it's time to move on to the next sucker company.
As long as Mike keeps us all employed and someday better compensates us for what we do,
who really cares? There's nothing we can do to change anything.

It's a lot like American politics: We now have Obama, and the possible alternative is Romney??? Begley.....Ball....?????
 






Anonymous said:
This story is all too familiar in corporate America. Is there any wonder why our economy is in the toilet as so many corporations are failing...or in danger thereof. The reason...bad management.

All CEO's are the same with few, if any, exceptions. They're opportunists and do whatever they have to in order to join the fraternity. Once in, their goal is to make as much money as they can for themselves FIRST, stockholders second, actually the same thing, as they pump up their stock options.
Once they drain the coffers and get the money into their offshore accounts, it's time to move on to the next sucker company.
As long as Mike keeps us all employed and someday better compensates us for what we do,
who really cares? There's nothing we can do to change anything.

It's a lot like American politics: We now have Obama, and the possible alternative is Romney??? Begley.....Ball....?????
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Unfortunately, when the company is struggling, it's the employees that will see their pay and benefits cut. Not the Senior Level Management. Even though they are making the bad decisions.
 






Anonymous said:
Unfortunately, when the company is struggling, it's the employees that will see their pay and benefits cut. Not the Senior Level Management. Even though they are making the bad decisions.
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Simply look at the millions these CEO's walk away with on firing or retirement whether they/company performed or not. It's becoming completely ridiculous. Boards are made up of their cronies and they all cover the others incompetence and greed.

Their meetings are like being in a dog kennel; one's nose is up the other's butt. Who pays? the employees and the stockholders. It will never change because this process perpetuates itself.
 






Anonymous said:
Worked with him at Allergan. Nobody there mourned his departure, and everyone who knew him was doing a happy dance when he finally walked out the door. A bunch of people even asked if his name had finally been removed from the email list.

Hiring consultants to cover for him is just his style. He always wanted to be the "nice guy" even though he was the worst problem at Allergan. Hope you all survive him, because he is the type who will take as many people out as he can before he is booted out.[/QUOT
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Anonymous said:
Anonymous said:
Worked with him at Allergan. Nobody there mourned his departure, and everyone who knew him was doing a happy dance when he finally walked out the door. A bunch of people even asked if his name had finally been removed from the email list.

Hiring consultants to cover for him is just his style. He always wanted to be the "nice guy" even though he was the worst problem at Allergan. Hope you all survive him, because he is the type who will take as many people out as he can before he is booted out.[/QUOT
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Consultants are the biggest frauds in business...a scam to cover another scam. If the current management can't manage they should be fired! Consultants are much like lawyers...win or lose, fix the problems or not, they still get paid, and the client gets screwed while they walk to the bank.
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The consultants are a joke. I was talking to one of the R&D guys about the shit he gets pulled into and it is ridiculous. Corporate provides him no support or resources, no follow through on a promised raise, and blames him for having a heavy workload because he keeps trying to help. He was saying how most of the CSO management team is so scientifically inept and keep patronizing the same useless R&D staff and they refuse to acknowledge that it is these 'useless fucks' who are responsible for the problems in the first place. He's convinced he is going to get pushed out because he won't play their game. Shame.
 






Begley activates project Lean on all the plants. Rocky Mount suffers the worst of it. Funding for repairs and maintenance drastically cut to boost Senior Level bonus and stock options. Consults are everywhere in the building. When the dust settles, they fire the plant management. Hmm. Makes you wonder if their hands were tied at the mercy of CEO and his consultants.
Lower level management takes the fall.
 






If you want platitudes, cliches and simplistic analysis, Cafepharma is the place to get them.

Regarding the consultants, not all consultants are created equal. BCG came in and nearly ruined the company. Hospira should sue them and fire anybody that came from BCG and now works for Hospira (and there are some). As far as consultants go, they were bad consultants and they were in very far over their heads when it comes to healthcare and the regulatory environment. All they knew is cut, cut, cut, cut cut. Now all the quality people that they convinced the hapless Begley to fire are being replaced 3 times over.

When you guys badmouth the consultants in Rocky, you are devoid of logic. They are a different breed than BCG. Hospira was probably close to getting a government consent decree. A consent decree is basically when the government sues you for manufacturing negligence. One of the things the government demands as part of a consent decree is "third party assistance," meaning consultants. Ball had no choice but to bring in consultants to Rocky Mount. If he hadn't, there probably would have been a consent decree and he would have had consultants in there anyway, but with more FDA scrutiny and micromanagement than there is now - and there's probably a lot at present. Many of these consultants at Rocky Mount are former FDA Inspectors.

The depth of this mess is unfathomable. I don't know what you people want Mike Ball to do. He basically had to start over at Rocky Mount. Did you guys think it was going to be easy, quick and inexpensive? Did you think you were going to find a CEO to clean it up that works cheap? Actually, Ball didn't know what a goat screw this was until August of 2011 when the FDA dropped the additional 483 Observations on Rocky Mount. He wasn't hired to clean up a mess, he was hired to grow the business. Now he has a mess to clean up first that he didn't know existed when he took the job.

For you Ball detractors, look at the Allergan stock price and sales during the years he was there.

This needs to get cleaned up and it's a hideous situation. It would be nice if the esteemed Hospira sales force could make comments that are somewhat intelligent. Yes, there are some bad things that happened to the sales force. The Prius showed disrespect. We will find out if Hospira is going to be a big time company or continue to think small when it's time to replace them. How many big time, classy companies have their sales forces in a Prius? The pension and healthcare hit that people took at spin, was egregious. It's still hard to believe the employees lost that lawsuit. Granted, it hasn't been perfect. If I hated it as much as some of you, I'd leave.

I think Ball is just what is needed to turn this around. I'll get back to you in a year or so on that. I hope the gripers will listen to the Huddle next week.

Good luck.
 






Thanks for the update Mr. Ball. Always wondered whether you knew what a mess Mr. Fauxtegrity was leaving you with. Oh well, you will still walk away with tens of millions of dollars from ol HSP regardless.
 






Not defending the illustrious Bain Consulting Group but HSP did not execute the reductions to plan. While the absolute target was hit the make-up of the group let go was completely skewed towards non-director/managerial class. The end result was a very top heavy company where managers report to 3rd party outsorcers.
 






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