Death Spiral

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$17.33 a share! $30 wasn't a floor. $20 wasn't a floor. I wonder if $10 is even a floor. What is the board waiting for before they take the drastic action necessary to set things right? In the middle of a stock market boom our shares continue the death spiral. How much longer can we go without a massive restructuring?
 






In the first week of 2016 if you had invested $100 in the stocks of Dow Jones Industrial Average it would be worth $151 today. If you invested that same $100 in Alkermes stock it would be worth $22 today.
 


















anonymous said:
$17.33 a share! $30 wasn't a floor. $20 wasn't a floor. I wonder if $10 is even a floor. What is the board waiting for before they take the drastic action necessary to set things right? In the middle of a stock market boom our shares continue the death spiral. How much longer can we go without a massive restructuring?
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anonymous said:
I don't think FRM's are a "joke". I think most are good, knowledgeable and dedicated people. I think the problem is that they are not needed. My interactions with them have not been a good use of my time. I've been selling Viv here for over 6 years. When I started it was a mess. When we expanded our manged care team they came in and really helped. They provided us access where we didn't have any. They helped find and clarify the SP's that have good fulfillment. They spent a lot of time teaching us coverage, process and fulfillment avenues. Time spent with them was paid back 10 fold in my territory sales. FRM's don't really have an environment where they can do that. I'm spending time with them for one off Rx's or having to provide insight to them on a project they are trying to get off the ground that will do nothing to increase sales or help fulfillment to any great degree. They are trying hard and seem knowledgeable,they're just not needed. There is no market for their job description that will pay big enough in increased sales to justify why we hired them. Same goes for Hospital team. I can't speak to the KAM's because I have no idea what they do. I don't think anyone really knows what they do. I guess criminal justice system stuff? I see their boss present stuff at meetings but it's not all that true. More activity based with no results and when results are presented they are not the truth. That's an odd division. Not sure how that one has lasted so long here and makes no sense why it was expanded to that many people.
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Having both the KAMS and Hospital Teams is a complete joke. Seriously.... the hospital team must be the easiest job in this company but probably pays more than TBM.
 






anonymous said:
Having both the KAMS and Hospital Teams is a complete joke. Seriously.... the hospital team must be the easiest job in this company but probably pays more than TBM.
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I agree, hospital teams are a joke but no, the hospital team does not get more than TBMs. I think they should dealing with all of the crappy managers, especially the manager in the west who designed the HBm $ plan. Coaching to send in documentation so he can forward to others to try for a 3rd internal job. dBLs are on to him. We don’t contribute like tBMs but we sure run around all day in conference calls and reach out to others. The job isn’t good and pointless with erratic goals but we are working and it’s not easy. We all don’t have much time here so just be kind.
 






anonymous said:
I agree, hospital teams are a joke but no, the hospital team does not get more than TBMs. I think they should dealing with all of the crappy managers, especially the manager in the west who designed the HBm $ plan. Coaching to send in documentation so he can forward to others to try for a 3rd internal job. dBLs are on to him. We don’t contribute like tBMs but we sure run around all day in conference calls and reach out to others. The job isn’t good and pointless with erratic goals but we are working and it’s not easy. We all don’t have much time here so just be kind.
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You better check yourself before you wreck yourself. HBMs do make more in bonus than TBMs. They make more and do less. Not a good combination unless of course you're an HBM.
 






anonymous said:
I agree, hospital teams are a joke but no, the hospital team does not get more than TBMs. I think they should dealing with all of the crappy managers, especially the manager in the west who designed the HBm $ plan. Coaching to send in documentation so he can forward to others to try for a 3rd internal job. dBLs are on to him. We don’t contribute like tBMs but we sure run around all day in conference calls and reach out to others. The job isn’t good and pointless with erratic goals but we are working and it’s not easy. We all don’t have much time here so just be kind.
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All good points. You're right. Do you think the HBM will last??
 


















anonymous said:
All good points. You're right. Do you think the HBM will last??
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i agree, this is total truth. True, the hbm “goal” payout range is higher but do the math and an average Tbm will make more in bonus. Just ask hbms that used to be TBMs. I do not know one that is making more, just ask them one on one. Why do you think so many hbms are quitting or looking for jobs? Problem is, when you can’t achieve the goal payout (Comp system is the worst I’ve ever seen for hbms) it makes it hard to do your job when your bonus is based in TBMs hitting their goal. Hbms are customer facing roles and should be compensated for their contributions, if any, not in states they don’t even have accounts in. Just ask the manager in northern CA what was going on in his head to design this plan.
 












anonymous said:
i agree, this is total truth. True, the hbm “goal” payout range is higher but do the math and an average Tbm will make more in bonus. Just ask hbms that used to be TBMs. I do not know one that is making more, just ask them one on one. Why do you think so many hbms are quitting or looking for jobs? Problem is, when you can’t achieve the goal payout (Comp system is the worst I’ve ever seen for hbms) it makes it hard to do your job when your bonus is based in TBMs hitting their goal. Hbms are customer facing roles and should be compensated for their contributions, if any, not in states they don’t even have accounts in. Just ask the manager in northern CA what was going on in his head to design this plan.
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Soon all the HBM's will be gone and 50% of the FRM's will be going with them. I'm hearing this will happen right after the January 1st. The massive layoffs in managed markets, KAM's and home office two weeks ago was just the beginning. Good luck everyone.
 












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