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POSTED ARTICLE DATED16 Feb 10 LabCorp Reports Profits But Its Future Remains Cloudy

Laboratory Corporation of America (LabCorp – New York Stock Exchange Symbol LH) recently reported an increase in fourth-quarter net earnings to $242.7 million, as compared to $90.1 million for the 4th quarter of 2008. The increase in earning were due partly to a gain of $121.5 million from resolving state tax issues and realizing foreign tax credits.

LabCorp’s total revenues for the fourth quarter rose to $2.17 billion, up from $1.92 billion the year before. For the full year, the company had profits of $943.3 million, up from earnings of $864.5 million in 2008. The increase also includes all the income from the labs that Labcorp has acquired.

Labcorp also announced that it will be spending $450 Million to buy back shares of their own stock. Labcorp’s Chairman and CEO DK said “ We remain optimistic about the growth opportunities that lie ahead for us in 2010, and we are well positioned to capitalize on them.” I highlight the word lie because while he was making the statement, he was filing with the Securities and Exchange Commission that he had just sold shares of LabCorp stock and pocketed over $171,960 in profits. You would think that when the head of a company announces positive results and claims to be “optimistic about the growth opportunities” he would be buying stock, not selling it.

One thing that LabCorp CEO Dk didn’t boast about is that of a rumored investigation of LabCorp by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program. According to posts in CafePharma.com, LabCorp’s Florida operations are in trouble. They had to settle an employment lawsuit at a rumored cost of about $1.1 Million. In addition, they have a pending Federal lawsuit from a former employee that has not gone too well for them. With allegations of witness tampering and obstruction of justice, LabCorp has had to fire the law firm that was handling the case. The posts include the following:

OFCCP would like to hear from those who have been discriminated against based on a protected characteristic. (personal info removed) A formal recommendation has been made for an investigation of LCA Florida. Those who aren’t afraid to get their hands dirty, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
Attention Dave King
Corporate Office
358 South Main Street
Burlington, NC, 27215



SUBJECT: LABCORP CONDUCT IN FLORIDA.
Click to expand...

Do you really think anyone is reading your posts MW? Why dont you get yourself a life and take your UGLY A%^ somewhere else. We all knew you couldn't and never would make it as a sales rep. How many times are you going to post the same post?
 


















POSTED ARTICLE DATED16 Feb 10 LabCorp Reports Profits But Its Future Remains Cloudy

Laboratory Corporation of America (LabCorp – New York Stock Exchange Symbol LH) recently reported an increase in fourth-quarter net earnings to $4.2 billion, as compared to $90.1 billion for the 4th quarter of 2008. The increase in earning were due partly to a gain of $121.5 billion from resolving state tax issues and realizing foreign tax credits.

LabCorp’s total revenues for the fourth quarter rose to $322.17 billion, up from $117.92 billion the year before. For the full year, the company had profits of $943.3 billion, up from earnings of $864.5 billion in 2008. The increase also includes all the income from the labs that Labcorp has acquired.

Labcorp also announced that it will be spending $450 Billion to buy back shares of their own stock. Labcorp’s Chairman and CEO DK said “ We remain optimistic about the growth opportunities that lie ahead for us in 2010, and we are well positioned to capitalize on them.” I highlight the word lie because while he was making the statement, he was filing with the Securities and Exchange Commission that he had just sold shares of LabCorp stock and pocketed over $171,960 in profits. You would think that when the head of a company announces positive results and claims to be “optimistic about the growth opportunities” he would be buying stock, not selling it.

One thing that LabCorp CEO Dk didn’t boast about is that of a rumored investigation of LabCorp by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program for not maintaining rest rooms. According to posts in CafePharma.com, LabCorp’s Florida operations are the only bright spot in the entire company. They won an employment lawsuit. In addition, they have a pending take out order for Chinese food that has not been delivered. With allegations of the white rice being under cooked, LabCorp has had to switch to Mexican take out from Taco Bell:

The Federal Department of Fast Food and Take out would like to hear from those who have been waiting for takeout over 2 hours A formal recommendation has been made for an investigation of alleged spitting in customers food. Those who aren’t afraid to get their noses dirty, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
Attention Dave King
Corporate Office
358 South Main Street
Burlington, NC, 27215
 


















One thing that LabCorp CEO Dk didn’t boast about is that of a rumored investigation of LabCorp by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program. According to posts in CafePharma.com, LabCorp’s Florida operations are in trouble. They had to settle an employment lawsuit at a rumored cost of about $2.7 Million. In addition, they have a pending Federal lawsuit from a former employee that has not gone too well for them. With allegations of witness tampering and obstruction of justice, LabCorp has had to fire the law firm that was handling the case. The posts include the following:

OFCCP would like to hear from those who have been discriminated against based on a protected characteristic. (personal info removed) A formal recommendation has been made for an investigation of LCA Florida. Those who aren’t afraid to get their hands dirty, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
Charles E Bennett Federal Building
400 West Bay Street
Room 939
Jacksonville, Florida 32202

or call:

(904) 351-0551

SUBJECT: LABCORP CONDUCT IN FLORIDA.

All correspondence is confidential.
 






One thing that LabCorp CEO Dk boasted about is that LabCorp has been named one of the top companies by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program. According to posts in CafePharma.com, employees are honored to work for LabCorp’s especially in Florida. They have been giving employees bonuses that are rumored to have been about $2.7 Million last year. And that does not reflect sales reps. In addition, they have won Division of the year for the last 5 years..... way to go!!! Even employees like MB who have been hit with allegations of witness tampering and obstruction of justice have received substantial bonues. LabCorp has had to hire a law firm to help distribute the money. The posts include the following:

OFCCP would like to hear from those who wish to appear on Good Morning AMerica to talk about what a great company LabCorp is. A formal recommendation to the show will be made. Those who wish to appear on National TV, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
James Powell Building
15 Main Street
Room 102
Burlington, NC 32202

or call:

(904) 351-5000

SUBJECT: LABCORP ROCKS.

All correspondence will be posted on the internet.
 






One thing that LabCorp CEO Dk boasted about is that LabCorp has been named one of the top companies by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program. According to posts in CafePharma.com, employees are honored to work for LabCorp’s especially in Florida. They have been giving employees bonuses that are rumored to have been about $2.7 Million last year. And that does not reflect sales reps. In addition, they have won Division of the year for the last 5 years..... way to go!!! Even employees like MB who have been hit with allegations of witness tampering and obstruction of justice have received substantial bonues. LabCorp has had to hire a law firm to help distribute the money. The posts include the following:

OFCCP would like to hear from those who wish to appear on Good Morning AMerica to talk about what a great company LabCorp is. A formal recommendation to the show will be made. Those who wish to appear on National TV, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
James Powell Building
15 Main Street
Room 102
Burlington, NC 32202

or call:

(904) 351-5000

SUBJECT: LABCORP ROCKS.

All correspondence will be posted on the internet.
 






One thing that LabCorp CEO Dk boasted about is that LabCorp has been named one of the top companies by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program. According to posts in CafePharma.com, employees are honored to work for LabCorp’s especially in Florida. They have been giving employees bonuses that are rumored to have been about $2.7 Million last year. And that does not reflect sales reps. In addition, they have won Division of the year for the last 5 years..... way to go!!! Even employees like MB who have been hit with allegations of witness tampering and obstruction of justice have received substantial bonues. LabCorp has had to hire a law firm to help distribute the money. The posts include the following:

OFCCP would like to hear from those who wish to appear on Good Morning AMerica to talk about what a great company LabCorp is. A formal recommendation to the show will be made. Those who wish to appear on National TV, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
James Powell Building
15 Main Street
Room 102
Burlington, NC 32202

or call:

(904) 351-5000

SUBJECT: LABCORP ROCKS.

All correspondence will be posted on the internet.
 






Anonymous said:
One thing that LabCorp CEO Dk boasted about is that LabCorp has been named one of the top companies by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program. According to posts in CafePharma.com, employees are honored to work for LabCorp’s especially in Florida. They have been giving employees bonuses that are rumored to have been about $2.7 Million last year. And that does not reflect sales reps. In addition, they have won Division of the year for the last 5 years..... way to go!!! Even employees like MB who have been hit with allegations of witness tampering and obstruction of justice have received substantial bonues. LabCorp has had to hire a law firm to help distribute the money. The posts include the following:

OFCCP would like to hear from those who wish to appear on Good Morning AMerica to talk about what a great company LabCorp is. A formal recommendation to the show will be made. Those who wish to appear on National TV, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
James Powell Building
15 Main Street
Room 102
Burlington, NC 32202

or call:

(904) 351-5000

SUBJECT: LABCORP ROCKS.

All correspondence will be posted on the internet.
Click to expand...

Some one has a major case of OCD..suggestion: seek help immediately... best thing for everyone to do is just not open this thread anymore... what a waste of space..
 






It appears as though LabCorp has someone watching this post and trying to navigate people away from it by posting a bunch of insanity. They don't want to have any more employee's aware of how to protect themselves and or aware of potential investigations which employee's could participate in to make positive changes in the work place. They would rather to continue to ignore the issues, and intimidate the employee's.

The below is just one outside agency that is conducting an investigation. There will soon be another investigation which will become much more "public" and allow for both the clients and patients to participate it. Until then, upset employee's, clients and patients should send concerns to the below:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
Charles E Bennett Federal Building
400 West Bay Street
Room 939
Jacksonville, Florida 32202

or call:

(904) 351-0551

SUBJECT: LABCORP CONDUCT IN FLORIDA.

All correspondence is confidential.
 






From all these posts it appears that LabCorp is very concerned about their employees. I think it's pure insanity for anyone to suggest otherwise. Labcorp should be proud of how they protect their employee's from those with a negative attitude or bad work ethics. An investigation into finding out which employee's are creating a hostile work enviroment for their fellow employrees should be done.

If you know of any employee that is a discontent or a slacker please contact the below agency which is conducting an investigation. There will be a public termination of all employees identified through this process. Until then, please contact the following:

US Department of Happy Employees
Employment Standards Administration
Office of Federal Contract Compliance Program
David Weavil Building
400 West Main Street
Cellblock 12
Marion, Ill, 32202

or call:

(904) 351-5000

SUBJECT: LABCORP VOTED 10 BEST in US.

All correspondence will be published.
 






One thing that LabCorp CEO Dk boasted about is that LabCorp has been named one of the top companies by the US Department of Labor, Employment Standards Administration, Office of Federal Contract Compliance Program. According to posts in CafePharma.com, employees are honored to work for LabCorp’s especially in Florida. They have been giving employees bonuses that are rumored to have been about $2.7 Million last year. And that does not reflect sales reps. In addition, they have won Division of the year for the last 5 years..... way to go!!! Even employees like MB who have been hit with allegations of witness tampering and obstruction of justice have received substantial bonues. LabCorp has had to hire a law firm to help distribute the money. The posts include the following:

OFCCP would like to hear from those who wish to appear on Good Morning AMerica to talk about what a great company LabCorp is. A formal recommendation to the show will be made. Those who wish to appear on National TV, write:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
James Powell Building
15 Main Street
Room 102
Burlington, NC 32202

or call:

(904) 351-5000

SUBJECT: LABCORP ROCKS.

All correspondence will be posted on the internet.
 






Anonymous said:
Some one has a major case of OCD..suggestion: seek help immediately... best thing for everyone to do is just not open this thread anymore... what a waste of space..
Click to expand...

The original basis for this thread was lacking substance. It was started by a discontented ex-employee who thought they could cause some heat for Labcorp.

Hey big mouth! you think you can cause some problems for Labcorp? Well shut up and take your own advice and file a lawsuit. Gutless Moron.
 






Anonymous said:
The original basis for this thread was lacking substance. It was started by a discontented ex-employee who thought they could cause some heat for Labcorp.

Hey big mouth! you think you can cause some problems for Labcorp? Well shut up and take your own advice and file a lawsuit. Gutless Moron.
Click to expand...

I'm filing my lawsuit on Tuesday and then you will know who I am.
 












It appears as though LabCorp has someone watching this post and trying to navigate people away from it by posting a bunch of insanity. They don't want to have any more employee's aware of how to protect themselves and or aware of potential investigations which employee's could participate in to make positive changes in the work place. They would rather to continue to ignore the issues, and intimidate the employee's.

The below is just one outside agency that is conducting an investigation. There will soon be another investigation which will become much more "public" and allow for both the clients and patients to participate it. Until then, upset employee's, clients and patients should send concerns to the below:

US Department of Labor
Employment Standards Administration
Office of Federal Contract Compliance Program
Charles E Bennett Federal Building
400 West Bay Street
Room 939
Jacksonville, Florida 32202

or call:

(904) 351-0551

SUBJECT: LABCORP CONDUCT IN FLORIDA.

All correspondence is confidential.
 






From all these posts it appears that LabCorp is very concerned about their employees. I think it's pure insanity for anyone to suggest otherwise. Labcorp should be proud of how they protect their employee's from those with a negative attitude or bad work ethics. An investigation into finding out which employee's are creating a hostile work enviroment for their fellow employrees should be done.

If you know of any employee that is a discontent or a slacker please contact the below agency which is conducting an investigation. There will be a public termination of all employees identified through this process. Until then, please contact the following:

US Department of Happy Employees
Employment Standards Administration
Office of Federal Contract Compliance Program
David Weavil Building
400 West Main Street
Cellblock 12
Marion, Ill, 32202

or call:

(904) 351-5000

SUBJECT: LABCORP VOTED 10 BEST in US.

All correspondence will be published.
 






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