Losing

Quote

anonymous said:
How true. Ironically it was Rick Gennett that put KC in a power role, JNJ just kept him in it. Rick always talked up his personally chosen team only to tear them down the moment any of them thought they had earned their promotions. He couldn't stand anyone being perceived as knowing more or doing a better job than him and despised those who felt empowered. That's way KC was the perfect choice for a cigar buddy stooge - not too bright and always beholden to him. KC self promotes like no one else. If you listen to him, he's the most virtuous will outwork anyone (whatever that means). His actions say different..... In the end he's an ineffectual kiss up that perfectly fits the alt culture of JNJ. For all intent and purposes Synthes, DS and AO are all dead and not coming back. Watch JNJ unload the hot mess of orthopedics now that pricing across all lines are cratering. JNJ lives too fat to win a commodity war.
Click to expand...

Omg Gennett! His impact still being felt in organization . All his cigar stooges who never smoked a cigar in their lives until they were around Gennett. Gennett was gifted to his role and Hanjorg did a multi- million dollar donation to Harvard and for Harvard awarding Gennett an honorary MBA was total BS. JnJ over spent on Synthes. Its that simple and trauma wasn't a commodity business. Severing AO relationships was the kiss of death. Well done Rick.. your legacy continues.
 


anonymous said:
Omg Gennett! His impact still being felt in organization . All his cigar stooges who never smoked a cigar in their lives until they were around Gennett. Gennett was gifted to his role and Hanjorg did a multi- million dollar donation to Harvard and for Harvard awarding Gennett an honorary MBA was total BS. JnJ over spent on Synthes. Its that simple and trauma wasn't a commodity business. Severing AO relationships was the kiss of death. Well done Rick.. your legacy continues.
Click to expand...

Yes, Rickys Harvard honorary MBA is a joke as is HJW’s honorary Doctorate. The lost AO relationship is on JNJ. JNJ saw the AO cost and thought it was an easy cut, it didn’t occur to them it would impact the top line so much, primarily because they didn’t listen to Synthes leadership.
 


Ortho is still highly profitable. It's just losing market share. Despite price reductions the products still are printing money with a 70+% Gross Profit. Bad for immediate stock price but great for cash flow to fund Pharma acquisitions.
 


anonymous said:
Ortho is still highly profitable. It's just losing market share. Despite price reductions the products still are printing money with a 70+% Gross Profit. Bad for immediate stock price but great for cash flow to fund Pharma acquisitions.
Click to expand...


Very true. Ortho is highly profitable and contributes a lot of cash for JNJ. It’s just not as profitable as JNJ expected when they did due diligence prior to the acquisition, so Ortho is viewed as a disappointing.
 


Ortho might be profitable, but spine is a real dumpster fire.....oh and wait, they want to try to rebuild CMF! They can’t get out of their own way! Folks keep leaving in droves....soon the only “sales” reps will be quintiles idiots.
 






anonymous said:
Fired.

He may have been offered a lesser role within JNJ since at one time he was considered a golden boy, but they knew he wouldn't take it. Talent didn't come close to measuring up to his ego.
Click to expand...

I remember when he started. Absolutely clueless and non impressive. Was king of the 4.0 cannulated screws. Running his sets around with a low quota and making him think he was a genius.
 




Top Bottom
Back
Quote