All of the CEOs at Bausch for the last 20 years have been complete failures. All of the go private to WP, sell to Valeant, have just been a way to coverup the books so the public could not see what complete losers they have really been.
Bottom line. Bausch is a smaller, less profitable, less competitive, company as a result of the shenanigans of past CEOs that have made a lot of money at B+Ls expense.
B+L CEOs should all go into the Loser Hall of Fame/Shame for incompetent poor management.
Hmmm. Brent just exited selling the company for $8.7B. Not sure of your facts there.
So if Brent built such a successful company why are so many people getting laid off? B+L is shrinking its workforce to pay for mismanagement.
Good job Brent. Much more success in the future of shrinking companies and having the company forced to lay off to cover your loser management style and ethics.
Brent's organization is so bad that Valeant has to gut the organization in order to make it profitable. Not a good measure of success.
first off it was fred not brent that set B&L is motion for sale. 1st rule, pump up head count. company flip 101. this wasn't warburg's 1st rodeo. 2nd rule, suck out the cash, warburg took money out during their reign. they made money, lots of it. round numbers, they bought B&L for 4 billion, basically used 1 of their own and took over existing debt, took out close to a billion over the years they controlled, mostly at the end. paid themselves back, then sold, for 8 billion, paid off debt and pocketed billions. not a bad return on a 5 year billion dollar investment. probably close to 100% annual return over 5 years. 5 billion if my math is right. did brent do that. no. wp and fred did that. so why did valeant buy B&L. was it a great purchase. no. But we all know valeant's model at this point. they over pay for revenue to add to the books. they have cheap money and lots of it.
