I agree they are 'bad' people. But their lack of respect is what drives bad business. Weather the like it or not Conmed has to many product lines and offerings without the resources and infrastructure larger companies have to pull it off. So the direction has to be more tactical. Having a flat commission structure is a easy 'vision' to push but it isn't the right for this place.
CNMD STOCK?
- Thread starter anonymous
- Start date
-
- Tags
- None
A few years ago when that guy from VOCE made a run at Conmed and said if he was elected to the board, that it would be in the best interest of the company that it should be sold to a much larger company who could invest in and grow the company. Conmed put out a lot of PR that the employees were "stackholders" as much as the shareholders. That was hundreds of employees ago, all of them let go by Hartman and his gang, who have done nothing but let the company decline and miss their numbers. All they do is cut employees to continue to try and make the bottom line. So much for being "stakeholders" We were all afraid of being bought because we would lose our jobs. Looking back now, we would have been better if we would have been bought, because Hartman will continue to just keep cutting jobs because all of his B. S. business plans are failures and his staff is nothing but a bunch of cast off flunkies who have failed at every thing they've done here.
CH and his "friends and family plan" -> One point to understand is that they understand that it does take good people. In fact, the issue is that CH incorrectly thought that by simply bringing in his own crew (although he found out that he really didn't have as much of one as he thought), it would solve all of our problems. On top of that, it's clear now that his people are not that "great" after all. He's now telling the street that we are a 4+ year project which has to piss off the analysts he sold on following us.
VOCE et al -> This hot mess is due to the street's demands for certain growth levels. It caused a profitable company to implode creating nothing but a ton of turnover (job loss for some, opportunity for others) and 3 years later, we're still not growing and are less profitable. VOCE's demand for a sale actually put us on the block back in '14, but nobody stepped up to buy us at even $50 per share. 3 years later, suspect that prospect hasn't changed especially after giving up a ton of the company value with the debt associated with the SQ buy.
Lack of respect -> Remember C.U.R.T. (culture, urgency, respect, trust)? Surely CH has figured out by now that culture and urgency are the easy ones to achieve. Respect and trust? Not so much and probably never going to come until he turns over every employee at least once and even then who knows. The SQ team is astonished that he's got BP in that slot and it didn't take them long to figure out the rest of the "issues". I know, let's spend another $3M for a NSM.
VOCE et al -> This hot mess is due to the street's demands for certain growth levels. It caused a profitable company to implode creating nothing but a ton of turnover (job loss for some, opportunity for others) and 3 years later, we're still not growing and are less profitable. VOCE's demand for a sale actually put us on the block back in '14, but nobody stepped up to buy us at even $50 per share. 3 years later, suspect that prospect hasn't changed especially after giving up a ton of the company value with the debt associated with the SQ buy.
Lack of respect -> Remember C.U.R.T. (culture, urgency, respect, trust)? Surely CH has figured out by now that culture and urgency are the easy ones to achieve. Respect and trust? Not so much and probably never going to come until he turns over every employee at least once and even then who knows. The SQ team is astonished that he's got BP in that slot and it didn't take them long to figure out the rest of the "issues". I know, let's spend another $3M for a NSM.
Company needs to change out Cohen and Pomilio for it to succeed...they talk behind curto's back and he doesn't know it. If only he knew what they are saying....they are the ones behind the losses at conmed...nobody else to blame but them. They have been here the longest so figure it out for yourself as the slide with our business continues.
I left some time ago. Have any of the long time sales guys gotten the axe lately?
How in the hell do they get away with spending a million dollars for a NSM which is 100 percent centered around Asshole Hartman. Talk about an egotistical SOB!!
Arrogant and Laughable! The "bad people" before Curt and his team arrived were able start a company and get it to over $750 million in sales without SQ. Curt and his "good people" turned the same business into $700 million in 2 and half years plus increased the debt by $250 million. You don't know if there are not buyers for the company at over $50 a share unless you have as seat on the board, and neither do I . But the shareholders believe there is a buyer or two possible buyers. Otherwise this stock would be trading at $25 a share based on Curt's performance as CEO. And the largest shareholder has employee of theirs sitting on the board, so I bet they know exactly what's going on.
Completely agree. So does question become, at what point does this new exalted BOD and all of the new money in from the street (e.g Deutsche Bank et al) decide enough is enough? A big issue for almost all of them is that unless they can engineer a sale at a much better price this becomes an epic fail. The biggest, of course, will be on CH as this was his rise from the ashes after his Stryker situation. The BOD and even the analysts will move on as always, but he would get some more cash to keep the horse business and multiple houses afloat, but nothing in the way of the wealth that he'd hoped for and certainly a huge ego hit. Unfortunate
As for the HC and LP comments, suspect they can't wait for this to implode as they will walk away with big money relatively for them.
These idiots don't deserve their current salaries. Completely incompetent in everyway. CH kept them around as a fall guy. Need to blame someone. Nobody wants to work for this pathetic company anymore. Total joke!
- Atrocious Spark Dec 07, 2016 at 11:43: AM
Mid Atlantic is up 6 percent. Newsome hired a Zimmer rep from New Hampshire who is completely clueless. This direct team just changed territories with the tenured reps and they hired a bunch of Associate Sales reps to cover cases at the surgery centers. Word on the street is they are selling implants at fire sale prices and avoiding the hospitals. Territory is still around 5 million in sales.
Sad that we as a company have continued to fail at Largo due to the site manger and everyone under his guidance. PMO/CMO has recorded the highest company losses on record due to TC/HR and anyone else involved with hiring over the phone. Not only have you cost the company huge losses, you continually put long term employees in danger day to day dealing with inexperienced new hires. This is borderline in so many ways.