disproportionately from the elimination of non-revenue generating positions

[Anonymous]

What do you think that this means to most people? Sales people know that managers, dco's, vp, mgam, etc. are non-revenue generating positions, but does the mother ship know this??????

 

[Anonymous]

What do you think that this means to most people? Sales people know that managers, dco's, vp, mgam, etc. are non-revenue generating positions, but does the mother ship know this??????

The mother ship doesn't know Jack Sh*t: read this, from a Motley Fool article that went out today:"The company has already eliminated 12,500 positions since acquiring Schering-Plough, although it's hired for 6,000 new positions over that time as well." Is that a management that knows what they are doing? I have seen good people getting fired, boot-kissers getting promoted, idiots still lurking, and more idiots getting hired into on-acid newly created jobs. The only "revenue-generating" part is the supply chain and that is in the dumps. But then again, Ken is a lawyer and Adam a marketing guy so why should anyone expect decisions based on actual facts?

 

[Anonymous]

What do you think that this means to most people? Sales people know that managers, dco's, vp, mgam, etc. are non-revenue generating positions, but does the mother ship know this??????

What it means is simple: the top-guns are admitting to earlier foolish hiring and creation of useless jobs. Is that a senior management that can be trusted? The investors answered that with a 3% drop in the stock price today.

 

[Anonymous]

What it means is simple: the top-guns are admitting to earlier foolish hiring and creation of useless jobs. Is that a senior management that can be trusted? The investors answered that with a 3% drop in the stock price today.

Has anybody read the Jeff Kindler article in Forbes? That was another lawyer who screwed up a pharma company. Why would our Merck lawyer do any better? Buying SP was a dumb decision just like PFE buying Wyeth was a dumb decision. They are out of good ideas so they act on stupid ideas and ruin companies and people.

 

[Anonymous]

Has anybody read the Jeff Kindler article in Forbes? That was another lawyer who screwed up a pharma company. Why would our Merck lawyer do any better? Buying SP was a dumb decision just like PFE buying Wyeth was a dumb decision. They are out of good ideas so they act on stupid ideas and ruin companies and people.

CEOs like to beef up their resumes. Since nothing is coming out of R&D, may as well acquire a company. Where are those well compensated dudes that sold Chrysler out to Daimler a few years back? Twenty years ago Merck said we will never merge nor acquire a company because of all the pitfalls and redundancy and, with emphasis, no added value to the stock. They even told us at a national meeting that Pfizer was stupid in acquiring Parke Davis then, followed by tons of slides to back it up. How we at Merck would never fall into that trap. I wonder why they changed their mind with SP?

 

[Anonymous]

CEOs like to beef up their resumes. Since nothing is coming out of R&D, may as well acquire a company. Where are those well compensated dudes that sold Chrysler out to Daimler a few years back? Twenty years ago Merck said we will never merge nor acquire a company because of all the pitfalls and redundancy and, with emphasis, no added value to the stock. They even told us at a national meeting that Pfizer was stupid in acquiring Parke Davis then, followed by tons of slides to back it up. How we at Merck would never fall into that trap. I wonder why they changed their mind with SP?

It's the Hitler Complex: never retreat, never accept to be anything but the biggest and best, and hang your entire people on the dreams of secret weapons: in our case it's emerging markets, bioventure, and business development. No wait, nobody is talking about bioventures anymore - another of Kim's Kitchen mess-ups?