Is the Boehringer family getting prepared to sell the pharmaceuticals business?

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Anonymous

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Look at what has happened over the last year where they have done everything possibly to make the company look more profitable for a buyer -

1. Must accrue PTO no huge block payouts for a buyer to pay if people quit in mass or if there is a layoff.

2. Ben Venue a money loser is being shut down to reduce liability and improve bottom line.

3. Bi Chemicals is being shuttered after a billion dollar improvement just a few years ago.

4. BI is closing down pension plan making the company more palatable to a suitor.
 












Anonymous said:
Look at what has happened over the last year where they have done everything possibly to make the company look more profitable for a buyer -

1. Must accrue PTO no huge block payouts for a buyer to pay if people quit in mass or if there is a layoff.

2. Ben Venue a money loser is being shut down to reduce liability and improve bottom line.

3. Bi Chemicals is being shuttered after a billion dollar improvement just a few years ago.

4. BI is closing down pension plan making the company more palatable to a suitor.
Click to expand...

Or getting ready for an IPO?
 








I feel like something is about to go down. Between arbitration, pension, and PTO changes looks like BI is covering all the bases. Some areas still have too many reps. Could it be individual firings of a selected few?
 












Disagree. They are trying to minimize expenses to improve profitability. Plain and simple.

Every single move on corporate's part is intended to reduce overhead yet still maintain some semblance of a manageable work environment.

Think of some of the 'new' stuff in the past 18 months...

BYOD, limiting fleet selections to 4 categories, pension adjustment, arbitration, PTO accrual, EZ pass, combining RD meeting with NMM, 1 PC trip for all winners, etc.

There are other ways the company is trying to 'cut back' without cutting out. These were just a few examples.

More on the horizon no doubt.
 




There are several ways to make a salesforce lean. I would rather endure mild austerity than layoffs. How many of your friends have a job with half the benefits we have? A car, fuel, 75/month for a phone, basically a 10 percent match for retirement between 401 and pension, decent health insurance, etc. It may not be the golden years for pharma, but name an industry giving out half of this... they are out there but few and far between. You wanna pass blame for the cuts, look at the heavy regulations inflicted on the whole of health care. If you are complaining and you vote democrat - you reap what you sow.
 




Anonymous said:
There are several ways to make a salesforce lean. I would rather endure mild austerity than layoffs. How many of your friends have a job with half the benefits we have? A car, fuel, 75/month for a phone, basically a 10 percent match for retirement between 401 and pension, decent health insurance, etc. It may not be the golden years for pharma, but name an industry giving out half of this... they are out there but few and far between. You wanna pass blame for the cuts, look at the heavy regulations inflicted on the whole of health care. If you are complaining and you vote democrat - you reap what you sow.
Click to expand...

+1
 




There are several ways to make a salesforce lean. I would rather endure mild austerity than layoffs. How many of your friends have a job with half the benefits we have? A car, fuel, 75/month for a phone, basically a 10 percent match for retirement between 401 and pension, decent health insurance, etc. It may not be the golden years for pharma, but name an industry giving out half of this... they are out there but few and far between. You wanna pass blame for the cuts, look at the heavy regulations inflicted on the whole of health care. If you are complaining and you vote democrat - you reap what you sow.
 




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