Ichan

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If Icahn wants to make a big saving real quick he could look at DMs and RSTs. In my region we have 8 total DM, 2 specialty DMs, and 2 RSTs. Thats 12 people who all make over $100k and the main portion of their job is to do ride alongs. Are you kidding me? The company is paying these people combined in our region alone over $1.5 million a year to just hop in the car with us and stalk us at our calls by standing there and not saying anything, tell us one thing we could change (I would have opened the call differently, or I think you need a better trial close there), and then do a BS review all to do again in 4-6 weeks. HUGE WASTE OF MONEY. How come the company can't see this.
 






Anonymous said:
The stupidity of people on this forum is mind blowing. Howie is a genius. No company is going to buy us because Howie is a genius and has set up the patents on our drugs so strategically with licensing and partnership agreements so that any company that tried to buy us wouldn't make any money. The only thing another company would be buying is the sales force and if they want to cut the sales force then they are left with scraps.
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... and so Mr. Genius do you really think that if the patents revert back to the original owner they wouldn't be interested in re-licensing again with the new Forest owner vs. negotiating with a new licensee? mmmm.... let's see ...... sales force already trained ....... relationships already established with the high prescribers .... I think it's a no brainer Mr. Brainwashed Genius.

All Howie did was prevent someone from getting ownership of the actual drug as part of the acquisition of Forest; but you can better believe that the license would more than likely pass right through to the new owner due to economics.

The real deterrent to buying Forest is the expense and length of time it would take to turn the culture around due to years and years of stupid fucked-up management.
 












True in an event of a hostile takeover no one gets the drugs, just the sales force - that is well known. And yes, one could approach the patent holders to re contract. Seems like a lot of work to me.

Trying to place 4 people on a 9 person board would not give the guy sole power, but they would shake things up quite a bit. If they really want to get in the management game they can. Any changes however would take a lot of time.

I think the guy is just trying to spike the stock and get out. Someone with that much money is not interested in helping anyone but himself. Simply does not need to. He no more wants to manage FRX than I want my DM to call me tonight and tell me they are riding with me tomorrow.
 






he will force a reduction in costs that includes reps and research and developement. then, he will sell his stake. Keep in mind forest is already factoring the lexpro generic in one year and earings will decline to less than one dollar a share from 4 a share today. you can continue to earn almost over 4 a share if you cut the sales force and RD . watch out everybody
 






Anonymous said:
he will force a reduction in costs that includes reps and research and developement. then, he will sell his stake. Keep in mind forest is already factoring the lexpro generic in one year and earings will decline to less than one dollar a share from 4 a share today. you can continue to earn almost over 4 a share if you cut the sales force and RD . watch out everybody
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as it should be; Forest should cut 50% of its' sales force and 75% of its' management ....
 


















Just look at what Icahn is doing to Clorox and you can see what his intentions are with Forest. He started buying the stocks around the same time. He pushes for a sale or cuts and then sells his shares for a huge profit. Face it, Forest will have to do the same soon. Lets see how the shareholders meeting in a couple weeks goes and then we will have a better understanding of what will be happening to us.
 






Forest nominates its BoD slate almost three weeks before they have to....
HS sends a letter to employees (which he knew would become public) bashing Ichan....
The negotiations between Mgmt and Ichan are apparently over (not sure they ever got started)....
The battle is on...we will know on Aug 18...
Whoever convinces the most institutional investors will win.....
If Icahn wins, layoffs are inevitable....
If Forest wins, nothing will change, Ichan will sell his position, and HS can run the company for another 10 years if the government doesn't kick him out first....
BTW - who is older: HS or Joe Paterno? Just curious....
 


















For the poster cheering Ichan and hoping for layoffs: careful what you wish for. A little history review of Ichan reveals he is the devil. Ask employees at Clorox, Motorola, Lions Gate Films, Genentec, Xo, and countless other companies what it's like to deal with this bastard. Ichan and his ilk are nothing but corporate raiders who bring absolutely nothing of value to the companies they attack. Go back through the 70's, 80's, 90's and add up the billions of wasted dollars companies have bled fending off Ichan. Ask the former CEO and founder of Yahoo what he ever did to deserve Ichan stealing his company. We are nothing but a dollar sign to this guy- he could care less about the company or us or your kids- he's simply out to put one more notch in his bedpost. So, before you get on CafePharma and espouse BS like " Bring on the layoffs" stop and think what you're really cheering for- Satan himself.
 






Ichan may be the poster boy for corporate greed, but Forest has become a model of corporate inefficiency. I'm not saying that makes what Icahn is doing right, but the good ol' boys network at this company has sort of brought it on themselves. When you are a public company this is what can happen. If they wanted to continue the nepotism ad infinitum they should have been a little smarter in watching the bottom line. While Forest has performed well over the last year it has underperformed for multiple previous years. Just as our country is tanking because of self-interested politicians who care more about getting re-elected than what actually happens to the country, the Forest board of directors has become so entrenched that they care only about continuing to line their pockets. That is Icahn's point! While I don't wish anyone to lose their job, the model Forest has can not last. Continuing to hire multiple sales forces pushing the same products, multiple reps in the same offices day in and day out, is why pharma has suffered so dramatically the last few years. Forest has now become the worst offender. All of the large companies have realized this and are backing down while Forest continues to expand. Hopefully, as the new drugs (linaclotide, aclidinium, etc) come to market, Forest will redistribute its' existing sales forces instead of hiring new people. Maybe, just maybe, they will avoid layoffs if they can get these new products to market quickly enough.
 






Google 'ichan failures'. He loses a lot of times too. Howard S. just beat the federal govt. and Obama. Latest is ichan might get one board member tops. Not the four he hoped. He owned 30+ percent of Linosgate and tried the same thing there last year, looking for five seats. They foiled him there. Carl buddy, you might own 6 percent or so of Forest, but Howard S. and his group are some tough mo fos.
 






Anonymous said:
Google 'ichan failures'. He loses a lot of times too. Howard S. just beat the federal govt. and Obama. Latest is ichan might get one board member tops. Not the four he hoped. He owned 30+ percent of Linosgate and tried the same thing there last year, looking for five seats. They foiled him there. Carl buddy, you might own 6 percent or so of Forest, but Howard S. and his group are some tough mo fos.
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Typical, someone posts something factual and all the gossip goes away.
 












never forget Ichan is out to streamline & cut to obtain financial goals.
you will be treated worse than doggie do on his shoe.

your ceo so far is the only ceo willing to stand up to the fda. you guys HAVE to cover him.
if nothing else this guy has real leadership skills.
 












Anonymous said:
never forget Ichan is out to streamline & cut to obtain financial goals.
you will be treated worse than doggie do on his shoe.

your ceo so far is the only ceo willing to stand up to the fda. you guys HAVE to cover him.
if nothing else this guy has real leadership skills.
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Yeah - it's too bad he can't pass those leadership skills down to middle management!
 






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