Masimo

Quote
Anonymous said:
Masimo isn't perfect by a long shot but I don't think you could call them unethical. Their pricing might be a bit off, but they'll figure that out and adjust it eventually. or they won't and the product will fail. In this day and age you can't force a new technology on hospitals. It's all about the bottom line.

Most of the negative posts are obviously from former or disgruntled reps who are venting. That is their right, but let's not discount the good that this company and its technology has done.

all technology companies find themselves in lawsuits. It is just part of business. They have to protect their patents and tech to protect shareholder value.

As for the lawsuit by the former reps. I don't know much about it, but the product they were selling had some problems and they didn't make the money they thought they would. So they sued. I doubt they'll win.
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I heard sales people are suing Masimo. What is the deal with patents? I never worked for a healthcare company that was so involved in litigation, dont think I want to be part of this. How many sales people have they gone thru? It looks like a lot of people are unhappy
 






Anonymous said:
I am not sure why all of you are saying you can't make money at masimo. I am an acute care rep and going to do 280k this year. It is true if you don't sell you wont make much so just go sell something. At plan pay is 170k. Base is 60k. You need to close business to make money so you need to decide if it is worth the risk. Most of my region is trending over 200 this year with some reaching over 300. There are very few companies that offer you the upside that Masimo provides.
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This was obviously written by a Masimo manager. They know reps are looking to leave and are having a hard time finding good people to replace them. We just had mid year meeting. Only 14 of 70 people are selling product. 56 sales territories sitting on 0. Reps make nothing for maintaining business which is where we spend most of our time. Management knows they completely missed the comp plan the last 2 years and are not taking action to keep people. Huge turnover. Rep in Florida sold over 7 million dollar deal and we never got the ra ra message on how much she made, must not have been good. Moral is terrible, everyone looking for a new job. I wold agree there is a lot of upside here to move into management because the current managers dont have a clue and should be fired soon. The problem is corp people only care about the stock price and their huge options. Stock price is diving because they have not been honest about projections (look it up). Ave rep makes about $100,000 and $36,000 is a recoverable draw. Want to kill your motivation - get a pay check where you owe money every month. $500 month on car allowance, you will loose your ass on the car. I saw someone post about the 401k and healthcare and I would say that is very accurate. Masimo is sinking fast and no one knows how to plug the holes. Not a good place to work for sales people-very unfriendly to sales people. They know the economy is bad and pretty much told us to kiss their ass. Mid year comp correction was not helpful - they are just lost. Its all smoke and mirrors.

I think its sad masimo managers are posting on this site, clear indication of how bad it is
 






Masimo is going thru some bad management right now and a poor comp plan is driving away sales people. Most of us believe in the SpO2 and other products. With a good comp plan in 2012 this can all be turned around. I think some major changes are coming. They have got to stop the turnover, sales people are the face of Masimo and management does not understand that changes to the representatives hurts masimo reputation - i think they are too short sided on turnover, possibly because masimo is about to be sold. Management may be looking for that big payday on their options-thats all they talk about. very unstable right now, if you have a good job dont leave it for masimo
 












Anonymous said:
I hate to see all this. I have a therapist that is looking to get on board with Masimo. I told her that I have seen at least 5 new reps since I have worked at hospital, not that long. They seem to have a lot of turnover which is why I refuse to do business with them. At least I know what I will get with Covidien. I think Masimo has a slight advantage on pulse ox but I do not want to convert them and then have my rep leave n the middle of a project. Not worth the hassle. They have a reputation for treating people badly. I know this is just a complain site for sales people but I cant help but think some of it might be true based on how many reps they go through.
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I just left Covidien and you want to talk about turnover? There have been some absolutely great sales reps with phenomenal experience and they are daily getting out. Covidien is being audited by the government and is trying to pin it on all of their reps. They have spent all their money buying up all of the subsidaries of Covidien and have spread themselves waaay to thin and gotten to big for there britches. I'm not saying the products I sold were inferior, in fact I don't believe they are but the company is by far inferior. Management is a Joke and will throw you under the bus before they miss a sip of the koolaid. There has been FDA warnings and suits, truly for hiring reps from other comanies and getting all of the information on the other companies products and trying to be the most innovative. Yes, they are one of the top or the top medical device companies, but when you buy up all of the others, how could you not be? There are people who have worked there 1 year up to 25 years and they are all now saying WTH? Complete and total "upper management reorganization" has happen 3 times this year alone!
 






Anonymous said:
I just left Covidien and you want to talk about turnover? There have been some absolutely great sales reps with phenomenal experience and they are daily getting out. Covidien is being audited by the government and is trying to pin it on all of their reps. They have spent all their money buying up all of the subsidaries of Covidien and have spread themselves waaay to thin and gotten to big for there britches. I'm not saying the products I sold were inferior, in fact I don't believe they are but the company is by far inferior. Management is a Joke and will throw you under the bus before they miss a sip of the koolaid. There has been FDA warnings and suits, truly for hiring reps from other comanies and getting all of the information on the other companies products and trying to be the most innovative. Yes, they are one of the top or the top medical device companies, but when you buy up all of the others, how could you not be? There are people who have worked there 1 year up to 25 years and they are all now saying WTH? Complete and total "upper management reorganization" has happen 3 times this year alone!
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This was NOT written by a Covidien rep.
Nice try masimo.........
 






I got hired after the relaunch of the pronto 7. It floundered for a while, then it began to stall out, then sales really just slowed down to a complete zero. How's that for a success story? I would say that we're selling even less now, but then we never really sold many prontos before either. So make of that what you will. There's no hope on the horizon for us except maybe we'll all be laid off soon and get a decent severence check. Please God!! I hope I hope I hope!!! I've never felt so helpless. Or shady either. Imagine: I have to admit to myself that I actually sell a broken diagnostic device (the pronto) that gives doctors false patient information, from which therapy decisions are made. I hate it here. Eventually, some unfortunate, frail patient will crash as a result of an inaccurate pronto reading, and the media will hopefully blow all this wide open. My boss is surprised it hasn't happened already. That's the only thing we agree on.

Anonymous said:
Unfortunately Masimo has all the problems of a big company and a small company. The have a ton of BS to deal with and changes are very slow to come. They launch products before they are ready (like a small company) but when they have issues they don't make the obvious changes (like a big company). I have been a Masimo employee almost 2 years and it is the most miserable place I have ever been. Comp plan is terrible and they have known it for a while, we kept hearing trust us Masimo always does the right thing and it never happened then the new comp plan was even worse. That's when all the reps started to hit the door. Unless you are desparate this is not a good place to work. You will be grossly underpaid and over worked. The managers have no experience selling capital and marketing has no clue as to what to do. No one wants to hear the reality so the BS just goes in a circle. There are tons of openings at Masimo because everyone is looking to get out, even the new people. They see how bad it is almost immediately and start exiting. Really, find something else before coming to Masimo.
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Anonymous said:
This was obviously written by a Masimo manager. They know reps are looking to leave and are having a hard time finding good people to replace them. We just had mid year meeting. Only 14 of 70 people are selling product. 56 sales territories sitting on 0. Reps make nothing for maintaining business which is where we spend most of our time. Management knows they completely missed the comp plan the last 2 years and are not taking action to keep people. Huge turnover. Rep in Florida sold over 7 million dollar deal and we never got the ra ra message on how much she made, must not have been good. Moral is terrible, everyone looking for a new job. I wold agree there is a lot of upside here to move into management because the current managers dont have a clue and should be fired soon. The problem is corp people only care about the stock price and their huge options. Stock price is diving because they have not been honest about projections (look it up). Ave rep makes about $100,000 and $36,000 is a recoverable draw. Want to kill your motivation - get a pay check where you owe money every month. $500 month on car allowance, you will loose your ass on the car. I saw someone post about the 401k and healthcare and I would say that is very accurate. Masimo is sinking fast and no one knows how to plug the holes. Not a good place to work for sales people-very unfriendly to sales people. They know the economy is bad and pretty much told us to kiss their ass. Mid year comp correction was not helpful - they are just lost. Its all smoke and mirrors.

I think its sad masimo managers are posting on this site, clear indication of how bad it is
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i have been with masimo for a long time and i used to love it. They have lost site of what matters. not a pay raise ever. base still the same, i hear other companies offer 2-5% base increase annually. Most of what i read here is true. really sad, i am so sad but i have no choice but look for another job. they hired 35 new people teeritories 2 years ago and now no one is making any money. turnover is awful. i hear they are going to let people go at the end of the year. managers are lost
 












Anonymous said:
I just left Covidien and you want to talk about turnover? There have been some absolutely great sales reps with phenomenal experience and they are daily getting out. Covidien is being audited by the government and is trying to pin it on all of their reps. They have spent all their money buying up all of the subsidaries of Covidien and have spread themselves waaay to thin and gotten to big for there britches. I'm not saying the products I sold were inferior, in fact I don't believe they are but the company is by far inferior. Management is a Joke and will throw you under the bus before they miss a sip of the koolaid. There has been FDA warnings and suits, truly for hiring reps from other comanies and getting all of the information on the other companies products and trying to be the most innovative. Yes, they are one of the top or the top medical device companies, but when you buy up all of the others, how could you not be? There are people who have worked there 1 year up to 25 years and they are all now saying WTH? Complete and total "upper management reorganization" has happen 3 times this year alone!
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This wreaks of Chianti (miss spelled on purpose), the guy is soo paranoid and lawsuit happy and this is just insane. How do you guys deal with that wack job?
 












Anonymous said:
They are the real deal, I use their proucts. The rainbow technology is very very real and even more important is the glucose monitoring that they are about to finish developing. Itd be nice to not have to draw blood ever again. Also, as far as ethics, my rep is a past NICU nurse and has the biggest heart and best attituded of any other company regardless. Just some honest input!
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So been 3 years for that glucose they are coming out with...I mean finish developing! Let me guess your giving transfusions on that POS technology too, God help your patients....guess you bought the whole cow for that slice of Bullshit huh.
Loser tech, loser management, loser company. Reps smarting up and moving on. The market looks like they are too. Last to leave will be the lawyers after the suits with reps, customers, Philips, Nellcor, and every other air breather.
 






Anonymous said:
Masimo isn't perfect by a long shot but I don't think you could call them unethical. Their pricing might be a bit off, but they'll figure that out and adjust it eventually. or they won't and the product will fail. In this day and age you can't force a new technology on hospitals. It's all about the bottom line.

Most of the negative posts are obviously from former or disgruntled reps who are venting. That is their right, but let's not discount the good that this company and its technology has done.

all technology companies find themselves in lawsuits. It is just part of business. They have to protect their patents and tech to protect shareholder value.

As for the lawsuit by the former reps. I don't know much about it, but the product they were selling had some problems and they didn't make the money they thought they would. So they sued. I doubt they'll win.
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Got news for you silly: They already won. Masimo settled quickly & shamefully.
 












Anonymous said:
I am not sure why all of you are saying you can't make money at masimo. I am an acute care rep and going to do 280k this year. It is true if you don't sell you wont make much so just go sell something. At plan pay is 170k. Base is 60k. You need to close business to make money so you need to decide if it is worth the risk. Most of my region is trending over 200 this year with some reaching over 300. There are very few companies that offer you the upside that Masimo provides.
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What region do you work in? I know this is not true
 






Anonymous said:
I don't understand, if their technology is in fact superior and sales continue to climb, why the rep turnover?[/QUOTE

]Comp plan is based mostly on hemoglobin sales and they are not moving. Takes too much time and return is not there. Cant make more than the draw in 75% of the sales force. If comp plan gets corrected it could be a good place to work. Unfortunately Masimo does not have a history of treating people right
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Anonymous said:
Masimo is going thru some bad management right now and a poor comp plan is driving away sales people. Most of us believe in the SpO2 and other products. With a good comp plan in 2012 this can all be turned around. I think some major changes are coming. They have got to stop the turnover, sales people are the face of Masimo and management does not understand that changes to the representatives hurts masimo reputation - i think they are too short sided on turnover, possibly because masimo is about to be sold. Management may be looking for that big payday on their options-thats all they talk about. very unstable right now, if you have a good job dont leave it for masimo
Click to expand...


Masimo has the most talented sales force in the business. Everything I read on this website in regards to how we have treated the sales force is true. Joe has a decision to make in 2012, pay the talent what they are worth or loose them. I hope we figure it out and pay on base business and SpO2 and then we will lower the hammer on the competition. We know comp plan is screwed up. The question is does Joe want to own the SpO2 and monitoring market or keep focus on a niche product that has value but will continue to grow slow. I cant wait to they get the comp plan right and all the reps give 100% again. We have got to pay reps what we promised and stop turnover. We know it and we are going to get it right. Look for changes in 2012 and be prepared to kick some ass, dont leave until you see the new comp plan, we know this is our last shot. If we dont I am leaving too. We cannot afford to have a sales force that lacks the experience to sell these products and the talent we have in place right now is what we need, we just need to figure out how to pay you. Stay until we launch 2012 comp plan and if we blow leave quickly. We dont deserve decent people if we screw this up again!! We know we can kick Covidiens ass and so do they. "The Masimo Mole"
 












hey you guys do press releases for everything, even the biggest of surprises that someone was flimflammed into buying your crap. Every time someone does it, you make a press release cause lets face it...that was big news. But today, how about a press release for your new 52 week low for the over printed stock you guys push-heck you even give it to the guys doing your studies....(if I was getting paid in your stock I would rather get paid in gum).
Anyway, a great press release as the market drops but masimoto drops 3 times the market percentage....hmmmm wonder who other than chianti has a golden parachute?
 






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