Jakob testifying in front of Congress ?

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anonymous

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Bernie Sanders and Elizabeth Warren will have a field day ripping into NNI.

They better be watching the Heather Bresch (Mylan CEO) tapes to get some pointers.

Who else from NNI will be a part of this ? Market Access, Sales, Marketing ? Trade ? We'll all get sucked in.
 




Between 'Bernie' & the PBMs, we aren't gettin' another penny on pricing next year.

And that means pressure on costs which means 'round two' is a comin'.

My bet is we can hang on till Q2 earnings at the latest, then 500-1000 will be cut. This is the one that'll hit sakes hard, and of course, the home office.

Jakob isn't happy because he knows there's no upside here from a career perspective. He got bypassed for the CEO role and relegated to this mess.
 
























anonymous said:
Shameful.

The company was built on a diabetes epidemic in the US and pricing that increased at the same rate as JQSLs waistline.

Now what ?
Click to expand...

Now what? You become like every other pharma company and you start to save your way to stay in business.

All those 4-5 thousand people sales meetings in Vegas - GONE! Nice Apple watches around the holidays - GONE! Double digit stock profit on your shares for exceeding on your year end - GONE! Novo will be very different from now on and if you are one of those who have sucked the teat top the point of Obesity, you are in for a rough time (especially because you can't get Saxenda without a PA).

Merck, Novartis, GSK, J&J, Novo... same shit different location!
 




anonymous said:
Now what? You become like every other pharma company and you start to save your way to stay in business.

All those 4-5 thousand people sales meetings in Vegas - GONE! Nice Apple watches around the holidays - GONE! Double digit stock profit on your shares for exceeding on your year end - GONE! Novo will be very different from now on and if you are one of those who have sucked the teat top the point of Obesity, you are in for a rough time (especially because you can't get Saxenda without a PA).

Merck, Novartis, GSK, J&J, Novo... same shit different location!
Click to expand...

True, they're definitely going to try to save their way to a profit. But cutting and slashing expenses is only good for so long. (Sooner or later, there wont be much left to cut)

The real test is can The ET restore the business to the way it used to be by selling more of it's goods and services? Saving your way to a profit is the easy part, everybody knows enough to swing the axe. But it's a very rare executive who truly knows how to grow the business. Does NNI have exec's capable of growing it's business? We'll see, wont we?
 




So I go back to a comment made here numerous times:

The ET and entire sales leadership team remained in tact. If they couldn't see these 'unforeseen headwinds' over the last 3 years, (really ? are you kidding me ?), what would make anyone confident that the business can succeed with essentially the same cast of characters going forward. ONE new player (Jakob) cannot turn this ship around.

What is it that y'all are not seeing ?

The ship is taking on water, and it'll go down after Q2 earnings, if not before. 1000 layoffs, easily. And the packages will not be as rich, there's just going to be less in the pot to give out.
 




anonymous said:
So I go back to a comment made here numerous times:

The ET and entire sales leadership team remained in tact. If they couldn't see these 'unforeseen headwinds' over the last 3 years, (really ? are you kidding me ?), what would make anyone confident that the business can succeed with essentially the same cast of characters going forward. ONE new player (Jakob) cannot turn this ship around.

What is it that y'all are not seeing ?

The ship is taking on water, and it'll go down after Q2 earnings, if not before. 1000 layoffs, easily. And the packages will not be as rich, there's just going to be less in the pot to give out.
Click to expand...

The first severance package offered by most companies is always the best one. They get progressively worse and are typically reduced with each iteration. I worked for a company that habitually downsized. Employees that accepted the first buyout/severance packages made out better than those that left the company at a later points in time.
 












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