Good evening, all. After perusing the CafePharma boards this afternoon for the first time, I am torn as to whether or not to submit this inquiry, as the general tenor of the discussions (across all boards) is rather caustic. That being said, I am writing in sincerity to inquire as to a handful of questions I have re: AAH...
A **quite close** relative of mine has been offered recently a position within AAH. This individual is extremely passionate re: the proffered opportunity, brings to the table 10 years of pharma, medical and diagnostic sales, and feels closely aligned with the senior mgmt and staff with whom such individual has interacted within Abbott during the interview process.
Notwithstanding the above, I currently am strongly dissuading this individual from accepting the position (which advisement is a source of HOT contention within our family today) -- namely on account of (i) compensation (which, to me, boils down holistically to opportunity costs, as much as anything), as well as (ii) my personal concerns re: the outlook for AAH within the forthcoming Abbott/Abbvie landscape. I will not posit here point #2, other than to express concern that, after reading through ABT's 10-Q and Abbvie's 10-12B filings, I (a) am surprised by the seemingly immaterial financial contribution of AAH to the aggregate concerns (aside: AAH does not appear to have been recognized independently of a blurb note to consolidated financials), and (b) inline with the foregoing and in light of the ABT reorg, I consider AAH as ripe for spinoff / divestiture...
For purposes of perspective / background, I bring to the table experience in the legal profession, private equity and mid-market M&A, as well as experience as an investor in and small business owner of a venture operating within the pet space. I sincerely am seeking the silver lining, so to speak, to this current opportunity, as I would like to either support this individual's decision or, conversely, hear first-person experiences that reinforce my own opinions...
With respect to my concerns re: compensation, I would appreciate feedback (generic) as to average base salary and target comp for a seasoned sales exec in a field sales role here. Again, inasmuch as I applaud this individual's enthusiasm for the particular opportunity, I can't help but to feel some offense re: the offered comp (as it impacts overall family income, that is) -- base comp amounts to roughly 65% of individual's previous / former base salary. When I (again, solely assessing impact to overall family financial condition) consider the additional ~$30,000 expense attributable to quality child daycare as well as the several-hundred-thousand dollars of opportunity costs I will incur vis-a-vis my side-venture's lose of assistance, atop the fact that I, personally, pay my legal assistant (w/ only a high school education and 28 yrs old) the same compensation (ironic..), I simply cannot in good faith tell this individual congratulations or, frankly, that I support her pursuit of this opportunity, etc.
I have no doubt this individual would be a **rockstar** within AAH; however, as it stands, this "opportunity" is hotly contested within my family (said another way, while this individual is gung-ho re: job offer, I am somewhat insulted (beneficially) by the financial terms of the same...), and I sincerely thank you in advance for any insights you could share -- whether as they relate to compensation, equity incentives, culture, benefits I might have overlooked or otherwise.
Thanks!
A **quite close** relative of mine has been offered recently a position within AAH. This individual is extremely passionate re: the proffered opportunity, brings to the table 10 years of pharma, medical and diagnostic sales, and feels closely aligned with the senior mgmt and staff with whom such individual has interacted within Abbott during the interview process.
Notwithstanding the above, I currently am strongly dissuading this individual from accepting the position (which advisement is a source of HOT contention within our family today) -- namely on account of (i) compensation (which, to me, boils down holistically to opportunity costs, as much as anything), as well as (ii) my personal concerns re: the outlook for AAH within the forthcoming Abbott/Abbvie landscape. I will not posit here point #2, other than to express concern that, after reading through ABT's 10-Q and Abbvie's 10-12B filings, I (a) am surprised by the seemingly immaterial financial contribution of AAH to the aggregate concerns (aside: AAH does not appear to have been recognized independently of a blurb note to consolidated financials), and (b) inline with the foregoing and in light of the ABT reorg, I consider AAH as ripe for spinoff / divestiture...
For purposes of perspective / background, I bring to the table experience in the legal profession, private equity and mid-market M&A, as well as experience as an investor in and small business owner of a venture operating within the pet space. I sincerely am seeking the silver lining, so to speak, to this current opportunity, as I would like to either support this individual's decision or, conversely, hear first-person experiences that reinforce my own opinions...
With respect to my concerns re: compensation, I would appreciate feedback (generic) as to average base salary and target comp for a seasoned sales exec in a field sales role here. Again, inasmuch as I applaud this individual's enthusiasm for the particular opportunity, I can't help but to feel some offense re: the offered comp (as it impacts overall family income, that is) -- base comp amounts to roughly 65% of individual's previous / former base salary. When I (again, solely assessing impact to overall family financial condition) consider the additional ~$30,000 expense attributable to quality child daycare as well as the several-hundred-thousand dollars of opportunity costs I will incur vis-a-vis my side-venture's lose of assistance, atop the fact that I, personally, pay my legal assistant (w/ only a high school education and 28 yrs old) the same compensation (ironic..), I simply cannot in good faith tell this individual congratulations or, frankly, that I support her pursuit of this opportunity, etc.
I have no doubt this individual would be a **rockstar** within AAH; however, as it stands, this "opportunity" is hotly contested within my family (said another way, while this individual is gung-ho re: job offer, I am somewhat insulted (beneficially) by the financial terms of the same...), and I sincerely thank you in advance for any insights you could share -- whether as they relate to compensation, equity incentives, culture, benefits I might have overlooked or otherwise.
Thanks!