Everything at B+L is fine

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Anonymous

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Contrary to the postings listed below everything at B+L is just fine. B+L is owned by a top private equity firm that is in the process of transforming the company into a best in class manufacturer of pharmaceutical, vision care, and surgical products for the eye.

B+L has not had any large scale layoffs indicating that the transformation that is occurring is being performed with a scalpel rather than a hatchet. There have been some changes in personnel over the past few years but the people who were let go were replaced with top quality talent (the best in the business).

B+L is also now more globally focused than before. Growth is occurring by growing the business as a whole and not necessarily having to take market share from our competitors. China, India, Japan and Latin America are huge growth opportunities for our company.

As the population ages the pie for the sale of our products will get bigger and bigger as our products meet the needs of the aging population.

No problems at this company and unlimited opportunities for a successful future.
 












Wow Perry, go post somewhere else. Many of the people that were eliminated and replaced by the top quality talent have moved into surgical and equipment sales and are blowing it out. They are ranked in the top 10% at their new jobs, but unworthy of a position in the B+L pharma division. What a joke.
 






Anonymous said:
Wow Perry, go post somewhere else. Many of the people that were eliminated and replaced by the top quality talent have moved into surgical and equipment sales and are blowing it out. They are ranked in the top 10% at their new jobs, but unworthy of a position in the B+L pharma division. What a joke.
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At B+L people are let go for reasons other than efficiency. That is why the organization is not efficient and makes poor decisions. It is easy to know whether the current management is doing its job well. What were the profits three years ago? What are the profits now? My guess is that sales and profits are down.

Only small insignificant changes have been made to this company. If the sales are not going anywhere then after three years under private equity a big change is needed. Is the B+L CEO up for the task. Not likely. He is probably having too much fun and making too much money as CEO to shake things up much.
 






You probably should look at the ratio of employees to sales (like the PE of a stock price). there probably has been an increase of net sales over the last 3 years, but it is completely offset by the expansion of adding an OD sales force a year ago and dicking around with the high turnover in sales reps and management. There is little chance that B&L is actually making real money, and most likely is continuing to miss their goals. If they cook the books, which is most often the case with a private equity owned company, they can tell whatever rosy picture they want with the numbers. The truth is that this company has been in a downward spiral ever since Flemming, Perry and Kathy were put in place.
 






Anonymous said:
You probably should look at the ratio of employees to sales (like the PE of a stock price). there probably has been an increase of net sales over the last 3 years, but it is completely offset by the expansion of adding an OD sales force a year ago and dicking around with the high turnover in sales reps and management. There is little chance that B&L is actually making real money, and most likely is continuing to miss their goals. If they cook the books, which is most often the case with a private equity owned company, they can tell whatever rosy picture they want with the numbers. The truth is that this company has been in a downward spiral ever since Flemming, Perry and Kathy were put in place.
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You do realize that Flemming is not with the company any longer.
 






Flemming was the start of the disaster... after WP put him in.

The original post is a joke. Sounds like Kk. The reps that either left on there own or were fired were top quality. Let there be no mistake about that. The top performing managers and reps were replaced or forced out because KK and PS didn't like having people around that knew more than them.

They were replaced by a number of decent reps and many noobs. The biggest problem, you lost all those years of relationships and that's what killed B&L pharma...along with KK and PS.
 






Anonymous said:
Flemming was the start of the disaster... after WP put him in.

The original post is a joke. Sounds like Kk. The reps that either left on there own or were fired were top quality. Let there be no mistake about that. The top performing managers and reps were replaced or forced out because KK and PS didn't like having people around that knew more than them.

They were replaced by a number of decent reps and many noobs. The biggest problem, you lost all those years of relationships and that's what killed B&L pharma...along with KK and PS.
Click to expand...

Human resources and the VPs worked together to eliminate personal competitors and "sterilize" the organization from people who ask to many pointed questions. The organization now left after the VP thugs have had there run of things is a sterile organization without any backbone. Good for the careers of a few VPs but bad for everyone else and the organization as a whole.
 






We should know how this company is doing by the end of the year. By then the economy will likely have picked up and the competitive product and company product portfolio will be a clearer picture for assessing future growth opportunities.
 






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