anonymous
Guest
anonymous
Guest
My intent is to provide positive insight and perspective for Sage commercial employees impacted adversely by restructuring. I work in a senior/executive commercial operations role in “big Pharma”. Quite a few of you have worked for me, with me, or in matrixes teams. Some of you discussed Sage prior to making a leap.
NOTE: I am near the end of my career after working for a small handful of companies over decades. Please view my advice/perspective as that of a person who has spent my entire Pharma career with a handful of “big Pharma” companies, which of course is my bias.
1. Learn From This Experience: I told those in my network that jumping to a company with no product and lots of promises was a poor decision. Some of you left great companies, with outstanding products/pipelines, where you were well established. From speaking with some, I could tell you bought into the “Sage koolaid” and didn’t listen to a single word of advice from a leader, mentor, etc., as you were 100% checked out believing Sage was the end all and be all.
2. Be Humble and Don’t Burn Bridges: I know for a fact that some who joined Sage suddenly turned their backs on others who wanted to network with you. How do I know? Because I spoke with you and recommended a candidate for interview and they were either completely ignored by you, your recruiting staff, or treated as an afterthought when you spoke with them.
3. False Promises of Start-ups to Offset Instability: Here is where I show my loyalty to big Pharma with dividends and market caps of $100B+. Start ups often have one product which “will be a game changer, we will give you plenty of stock options, make you rich, and you will get promoted to VP in no time.” If you are a sales person, please remember that if it sounds too good to be true,...
4. Try Not to Repeat This Mistake: I’ve already spoken to those in my network and stated, “everyone gets to make a very bad decision”. This was one. No one will care about the circumstances as long as you do not continue to do the same thing over and over. I have former colleagues who are on their 6th company in 8 years since leaving “big Pharma” because they keep going after the promise of “game changing new product, stock options, rapid promotion, great culture etc., etc.
5. No Big Company is Perfect: We have culture, bureaucracy, and are often very conservative in our business processes. Promotions do not occur as quickly as some may like. The massive resources, footprint, and infrastructure have been important to me in over 25+ years as I can change departments, relocate, and move if necessary while remaining in an organization that values this. Small companies can never match this; yet, as I mentioned above, try to offset with the promise of better culture, stock options, and rapid advancement opportunity. It depends on what is most important to you.
6. Look at the big companies hiring: Amgen, Abbott, Bristol-Myers Squibb, Genzyme, Pfizer, etc., along with mid-cap Pharma. Leverage your networks and be flexible. If you can relocate this is a good time to consider it as it is a highly desired trait that few possess.
Ultimately, I hope that everyone at Sage lands on their feet in short order. If you left your previous manager/company in good terms, please swallow your pride and call them first. Some of you have called me and I respect you for that.
Have a blessed Good Friday and Happy Easter!
NOTE: I am near the end of my career after working for a small handful of companies over decades. Please view my advice/perspective as that of a person who has spent my entire Pharma career with a handful of “big Pharma” companies, which of course is my bias.
1. Learn From This Experience: I told those in my network that jumping to a company with no product and lots of promises was a poor decision. Some of you left great companies, with outstanding products/pipelines, where you were well established. From speaking with some, I could tell you bought into the “Sage koolaid” and didn’t listen to a single word of advice from a leader, mentor, etc., as you were 100% checked out believing Sage was the end all and be all.
2. Be Humble and Don’t Burn Bridges: I know for a fact that some who joined Sage suddenly turned their backs on others who wanted to network with you. How do I know? Because I spoke with you and recommended a candidate for interview and they were either completely ignored by you, your recruiting staff, or treated as an afterthought when you spoke with them.
3. False Promises of Start-ups to Offset Instability: Here is where I show my loyalty to big Pharma with dividends and market caps of $100B+. Start ups often have one product which “will be a game changer, we will give you plenty of stock options, make you rich, and you will get promoted to VP in no time.” If you are a sales person, please remember that if it sounds too good to be true,...
4. Try Not to Repeat This Mistake: I’ve already spoken to those in my network and stated, “everyone gets to make a very bad decision”. This was one. No one will care about the circumstances as long as you do not continue to do the same thing over and over. I have former colleagues who are on their 6th company in 8 years since leaving “big Pharma” because they keep going after the promise of “game changing new product, stock options, rapid promotion, great culture etc., etc.
5. No Big Company is Perfect: We have culture, bureaucracy, and are often very conservative in our business processes. Promotions do not occur as quickly as some may like. The massive resources, footprint, and infrastructure have been important to me in over 25+ years as I can change departments, relocate, and move if necessary while remaining in an organization that values this. Small companies can never match this; yet, as I mentioned above, try to offset with the promise of better culture, stock options, and rapid advancement opportunity. It depends on what is most important to you.
6. Look at the big companies hiring: Amgen, Abbott, Bristol-Myers Squibb, Genzyme, Pfizer, etc., along with mid-cap Pharma. Leverage your networks and be flexible. If you can relocate this is a good time to consider it as it is a highly desired trait that few possess.
Ultimately, I hope that everyone at Sage lands on their feet in short order. If you left your previous manager/company in good terms, please swallow your pride and call them first. Some of you have called me and I respect you for that.
Have a blessed Good Friday and Happy Easter!