Good Riddance! Kevin to retire!

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Anonymous said:
10 years lost, 10 years too late!
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Run Kevin run - run Kevin run

"Amgen has been trying to recover from several years of lackluster sales of its key revenue drivers — anemia drugs Aranesp and Epogen. The company itself is entangled in payment assistant programs like drug support cards, medicare cuts in the reimbursment rates. Expiration of several key patents is also closing in fast. Sales have been down during the last two years because of safety issues and stricter warnings. The company is also gearing up for the 2014 Obama care that will be taking over the healthcare game."

Medicare will deal the final blow to Amgen in 2012
 










































Anonymous said:
well said. and his final gift to Amgen is Bradway
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be careful what you wish for, you just may get it! not sure that things get better with BB? what is it people think he will do that KS did not do? do they think BB will care more about people than KS? more about science and scientists than KS? might be worth taking a look at BB background to better understand what formed him and what kind of leader he may be. we should all root for him, we all need him to be successful. but change is not a promise of improvement.
 






Glad to see the Board, which he thought and still to some degree owns, make this move. They definitely sped things up, otherwise Kevin wouldn't have retired until 65. BB to COO, new head of Commercialization -- faster than expected. Board had to be behind this. Kevin would have never given up part time job, jet and ridiculous pay earlier than 65. Wouldn't it be nice to see BB behave more like George Rathman and Gordon Binder and treat everyone more equally --- shared sacrifice, zero tolerance for hypocrisy.
 






Anonymous said:
Glad to see the Board, which he thought and still to some degree owns, make this move. They definitely sped things up, otherwise Kevin wouldn't have retired until 65. BB to COO, new head of Commercialization -- faster than expected. Board had to be behind this. Kevin would have never given up part time job, jet and ridiculous pay earlier than 65. Wouldn't it be nice to see BB behave more like George Rathman and Gordon Binder and treat everyone more equally --- shared sacrifice, zero tolerance for hypocrisy.
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Why on Earth would you expect that? Do you really think the board thought, gee, we really need to restore equity and remove hypocrisy from Amgen? Please, these moves are not for the employees, they are for the shareholders. Since they know they're not going to see substantially increased revenues, the shareholders are demanding lower costs, especially in the form of less research. BB is the man that will deliver exactly what they want and wall street knows it (thus the 3.5% bump this week). RP knows it too and is therefore leaving (like DL did before him). Why stick around and oversee a brutal RIF when you've already lined your pockets with millions of $$? What you should expect is a RIF in early 2012. AWA site closure is an intriguing possibility too.
 




































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