If a good company purchased B+L.
If a good company purchased B+L what would happen. There would be a layoff. WP has hired too many people in the last 5 years. No layoffs in 5 years mean that there are many employees still around that are in the bottom 30% of performance.
So a 600 person layoff would have happened anyway. If New Jersey or some other place became the headquarters then staff would have to move.
D&R would be made more efficient. People whose job is just outsourcing research to other facilities along with project managers, marketing and regulatory would move the the Eye Health headquarters along with the head of D&R Labs would be kept to support currently marketed products.
What would be different from Valeant if a good company purchased B+L. A good company in addition would make enough cuts to change the culture of D&R to turn it around. Cut 1000 people and then replace with 400 of the best scientists and managers you can find to change the culture and the direction of D&R. With Valeant the difference is that they are just giving up on D&R rather than deciding to improve it. To make the company now their own they are moving the headquarters which means all of the intellectual property including D&R will eventual move to New Jersey. Rochester will be a big and maybe BIGGER consolidated manufacturing site.
If you are in D&R and are given a choice to move to New Jersey or stay in Rochester move to New Jersey. The headquarters of a company is always where the best of the best in the company go. D&R if it even exists in the future will be directed from New Jersey and the best people in D&R will be there to manage what is left in the pipeline to develop.
