New CEO

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Anonymous said:
Looks, it's clear Vaters' only talent was saying no to all headcount back fills and any increases in cost. The guy has no commercial experience. He was the king of cost cutting. The company was long overdue in getting rid of him and needed a new leader with product experience to run the business, that is not a financial person. A sales guy can learn about Finance, but a Finance guy can't learn sales. Long overdue change. Vaters is happy to leave and likely got himself a few million to leave. He played the company.

This company is fixable. It's profitable and has almost no debt. They need to get back to fundamentals; fix the R&D process and pipeline, back-fill the key open positions, fix OSI back orders, etc., make some targeted product acquisitions or licenses and clean out Vaters remaining cronies like Vincent Trelles.

Mason is a leader that can get this done. Think about it, if they did a long national search, that would have taken months, and the reign of Vaters would have continued, further hurting the company and the new person would likely not have had knowledge of the stim business and would have taken months for a new person to figure things out. Mason can hit the ground running and has the experience in sales, marketing, R&D and manufacturing. Vaters destroyed the culture, made it one of fear, intimidation and retaliation. Someone on the inside said that employees were cheering and high-fiving each other when the announcemnt of Vaters leaving went out. The previous incarnation of the Culture of Accountability was a bit off the deep end as said above, but Mason's gotta do something to get people re-engaged, which includes those of us in the sales force. Instead of us looking for reasons to say Mason will fail, let's give him a chance to be successful first.
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Good post. Perhaps I was a bit harsh. let's all hope you are right. Let's see and God bless Mason. What a horrendous mess he has on his hands!
 












Anonymous said:
Oh, God Bless now. Too funny, if there's a god this POS company will burn, LOL.
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Oh there is a God and it will most definitely burn.
What in the Hell is Brad Mason doing coming back to this disaster?
I guess everyone wants to be the CEO of a publicly traded company on their way out of the working world now a days. What an smart dude!
Stock in the 36's again after missing one of the biggest rallies in history. Go get em' superman! You can do it!!! hahahahawahahahaaawahahaaa
 






I caught wind of a conversation at the academy that there will be some distributor changes in the east, central and south. Why? The west is our Achilles heel. Anyone else heard this?
 






Anonymous said:
I caught wind of a conversation at the academy that there will be some distributor changes in the east, central and south. Why? The west is our Achilles heel. Anyone else heard this?
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Because this company is run by a bunch of idiots perhaps? The whole thing is a broken Achilles heal!
Watch it melt like an ice cream cone in the sun!!
Go find another team if you want to thrive.
 












Anonymous said:
Hi Gang! Everything fixed yet?
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Yeah! The leaders have all left and no one is accountable anymore. Yippppeeee
Stock flirtin' with a 52 week low while the stock market rages to new highs.
Things are back to what we like here at OFIX. Check back in a month and we will be reporting the results that our culture prefers. FAILURE. HAHAHAHAaaaaaaa
 


















Anonymous said:
It means the market* has finally caught on to the reality that you cant polish this turd.

*like most of the rats that jumped ship.
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Since Macmillan and Ferrari jumped this thing has lost 1/3 of it value and millions in market cap! LOL
Perhaps more Rats are what this place needs instead of finance kids, rocket scientists and a bkrpt bread stick maker.
Say what you will, those arrogant slave drivers got it done... All the way to $45 which it will NEVER see again. Even in a raging bull market it falls like a rock. Just wait till earnings!
This place is burning to the ground.;(
 






You are an idiot if you think that the market even knows who the hell McMillan and Ferrari are. The stock price is being affected by, believe it or not, Vaters leaving. Anytime a CEO leaves immediately and unexpectantly, as well as announcing that your new CFO is a little girl with no experience in running the financials...you have a lack of confidence by the market and a PR nightmare! The market has yet to adjust the price relative to performance, wait until the next earnings report!
 












Anonymous said:
You are an idiot if you think that the market even knows who the hell McMillan and Ferrari are. The stock price is being affected by, believe it or not, Vaters leaving. Anytime a CEO leaves immediately and unexpectantly, as well as announcing that your new CFO is a little girl with no experience in running the financials...you have a lack of confidence by the market and a PR nightmare! The market has yet to adjust the price relative to performance, wait until the next earnings report!
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The market might not know them but the hole in revenue they left behind is the issue which began last year when they departed. And it only gets worse. They knew how to run a commercial offense is all I'm saying.
Vaters accounts for only $2 of the decline thusfar. Read the charts/ dates and watch the carnage insue. They were all jerks but the commercial guys ran the $$. Vaters didn't know how to do squat and got whacked once his boys who did rolled out. The place has zero talent left. I agree with your thoughts otherwise.
 






I thought Brad N. was supposed to be the savior..looks like 2 Brads have to be better than one. Ortho is toast! Not enough room in the office for the egos both Brad's have.
 












Anonymous said:
You are an idiot if you think that the market even knows who the hell McMillan and Ferrari are. The stock price is being affected by, believe it or not, Vaters leaving. Anytime a CEO leaves immediately and unexpectantly, as well as announcing that your new CFO is a little girl with no experience in running the financials...you have a lack of confidence by the market and a PR nightmare! The market has yet to adjust the price relative to performance, wait until the next earnings report!
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Anyone who thinks Ferrari jumping ship has had a negative effect on this Company does not understand this business. Ferrari presided over the orthopaedic GBU and totally failed to stop its decline. He failed to introduce any innovation and fired the best people who had the knowledge and experience to stop the decline and turn around Orthopaedics, in order to build his own power which was the only thing he was interested in. Bullshit can get you to the top but it cannot keep you there. When it all caught up with him, he jumped ship and now he will bullshit his new employer until he gets found out there as well.
 












Anonymous said:
Okay, he was a flyspeck on a gigiantic drifting turd. Dont matter, the turd is sinking
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He wasn’t really a “flyspeck on a gigantic drifting turd”, he was a turd within a drifting turd. He was in charge of a business unit which accounts for approx. 30% of this company’s sales. It is interesting how the Board thought the sun shone out of his ass right up until he jumped ship. As already mentioned, he was a complete failure, the division is in decline with morale at an all-time low.
 












Anonymous said:
Does everyone forget that he was in charge of the division that did all the bad stuff that resulted in the CIA and $ 42 million settlement?
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No he wasn't. Your new leader, Brad Mason was before he tried his hand at bankrupting a breadstick franchise.
Say all you want, The "earners" left the building and now you will watch it burn while you blame others. Pitiful and sad.
Don't worry Trinty Elite will save the day! Hahahhahaaaaa
Lol
 






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