Novartis CEO says no major deals planned for now

[Anonymous]

By Zurich Bureau
ZURICH -(MarketWatch)- Novartis AG /quotes/zigman/171707/quotes/nls/nvs NVS -0.05% , Europe's largest pharmaceutical company by sales, has no plans for any large acquisitions in the next two years, Chief Executive Joe Jimenez said in an interview published in the TagesAnzeiger newspaper Tuesday.

"With the purchase of Alcon we have increased our debt [level] considerably, and this needs to be repaid," Jimenez is quoted as saying in an online edition of the newspaper.
"We are talking here of foreign capital of $17 billion.

TRANSALATION- WE ARE SCREWED !
NO MONEY TO REPAY OUR DEBT BECAUSE OF THE PATENT CLIFF ,
LOSS OF ALISKREN & UNDERWHELMING OTHER PRODUCTS IN OUR CRAPPY
PORTFOLIO COUPLED WITH A CIPHER PHANTOM PIPELINE

 

[Anonymous]

Maybe Joe will be gone after this.

How many failures and fines has the company faced under his watch?

 

[Anonymous]

Maybe Joe will be gone after this.

How many failures and fines has the company faced under his watch?

Vasella too , what is he the teflon CEO ? the swiss hate him
& he was GROSSLY overcompensated for his abysmal performance
& that is why people LOATHE the so called 1% because most of them
are inept crooks & in his case married into a position of power
& suffered a nervous breakdown that would have
shitcanned any other normal employee , certainly not elevated them to CEO
for crying outloud !

The Novartis Board of Directors are in a coma

The cavalier attitude towards patient safety is borderline criminal

The FDA is woefully underestimating the damage novartis is causing the public

 

[Anonymous]

there could be a deal, guess a rep in Colorado didn't sign the deal last year and is gonna get a bundle

 

[Anonymous]

there could be a deal, guess a rep in Colorado didn't sign the deal last year and is gonna get a bundle

I heard about this. Avoiding a mess in the press? Anyone else know?

 

[Anonymous]

I heard about this. Avoiding a mess in the press? Anyone else know?

He told them to shove the severance and is collecting a HUGE settlement. Guess someone stepped in it with him?

 

[Anonymous]

Share the details! We can learn from this!

 

[Anonymous]

dealing with legal issues is not one of our strengths. like everything else we do novartis probably tried to handle last years lay off, on the cheap, and made a mistake.

 

[Anonymous]

He told them to shove the severance and is collecting a HUGE settlement. Guess someone stepped in it with him?

V and B PIP as a way to position for layoff OOPS

 

[Anonymous]

V and B PIP as a way to position for layoff OOPS

That is correct. The forced ranking of 1,2,& 3 paves the way for this to happen. If the manager likes you, know matter how stupid you are or how bad your sales, will still be around. It's all a popularity contest. All you have to do is stick your head up his or her ass everytime he or she farts and you will be the big winner.

 

[Anonymous]

That is correct. The forced ranking of 1,2,& 3 paves the way for this to happen. If the manager likes you, know matter how stupid you are or how bad your sales, will still be around. It's all a popularity contest. All you have to do is stick your head up his or her ass everytime he or she farts and you will be the big winner.

Who was it? To flip the bird at severance and all? Bravo to whoever!