Patient Monitoring and Respiratory Interventions

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Can you imagine if Omar had never heard the name Medtronic? Wow, what a wonderful place this would be. Jack Welch taught Omar and he taught Jefff…..what a legacy….of disaster, misery, and lost market cap.
 
















anonymous said:
Can you imagine if the Board would actually do it's only job?
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Well that would be nice too. But we all need to remember the day that our board went straight to hell
…..did any of you read the article in 2014 that was then somehow buried about ole Neutron Omar getting his taxes paid by Medtronic to the tune of 24m, and then right before that Omar tripled the boards annual salaries making MDTs one of the highest paid in the US? It’s still out there, you just have to find it.
 








anonymous said:
Well that would be nice too. But we all need to remember the day that our board went straight to hell
…..did any of you read the article in 2014 that was then somehow buried about ole Neutron Omar getting his taxes paid by Medtronic to the tune of 24m, and then right before that Omar tripled the boards annual salaries making MDTs one of the highest paid in the US? It’s still out there, you just have to find it.
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Here's an article about how the MDT corporate executives got reimbursed, not just Neutron Omar but the entire gang, for any taxes they incurred in the Covidien inversion to Ireland. Meanwhile all other shareholders got saddled with a tax bill.
https://www.thestreet.com/investing...g-shareholders-with-a-hefty-tax-bill-13024863
 








anonymous said:
Here's an article about how the MDT corporate executives got reimbursed, not just Neutron Omar but the entire gang, for any taxes they incurred in the Covidien inversion to Ireland. Meanwhile all other shareholders got saddled with a tax bill.
https://www.thestreet.com/investing...g-shareholders-with-a-hefty-tax-bill-13024863
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this is not a defense of Geoff or Omar or any of them that have gotten us into this mess, but the tax coverage topic gets misrepresented a lot. they did not get all their taxes covered. Specifically the IRS had tax law that taxed unvested stock - so stock that was part of their future compensation - at the time of the COV purchase and inversion. That is the tax that was paid. They paid tax on any normally held stock (that wasn't in a tax deferred account) the same as other shareholders, who also paid unless it was in a tax deferred account like an IRA or 401K.

now can we please resume talking about what a screw up Geoff has been and how badly he's executed all his strategies and programs to have left Medtronic in this current state? Any updates on when the new CEO will be officially announced?
 
















anonymous said:
This aged terribly - stock back up to almost 90
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Geoff? Is that you? Don't you have some DEI propaganda to spew?

The entire market bounced back up. The fact still remains Medtronic's performance in the last few years is horrendous compared to our competitors. Martha's tenure has been an epic disaster. Never trust an adult who is still obsessed with sports. Management circles are filled with these types of shallow, ultra competitive egomaniacs. Geoff is the epitome. Their short term metrics and ego take priority over doing the tough things required for long term success.
 








anonymous said:
Geoff? Is that you? Don't you have some DEI propaganda to spew?

The entire market bounced back up. The fact still remains Medtronic's performance in the last few years is horrendous compared to our competitors. Martha's tenure has been an epic disaster. Never trust an adult who is still obsessed with sports. Management circles are filled with these types of shallow, ultra competitive egomaniacs. Geoff is the epitome. Their short term metrics and ego take priority over doing the tough things required for long term success.
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can’t believe he flubbed the PM/Resp spin out so badly. So much for generating $8B of cash in the middle of 2023 to fuel growth. Whatever enthusiasm there was for these units has been killed by his incompetence.
 
















anonymous said:
this is not a defense of Geoff or Omar or any of them that have gotten us into this mess, but the tax coverage topic gets misrepresented a lot. they did not get all their taxes covered. Specifically the IRS had tax law that taxed unvested stock - so stock that was part of their future compensation - at the time of the COV purchase and inversion. That is the tax that was paid. They paid tax on any normally held stock (that wasn't in a tax deferred account) the same as other shareholders, who also paid unless it was in a tax deferred account like an IRA or 401K.

now can we please resume talking about what a screw up Geoff has been and how badly he's executed all his strategies and programs to have left Medtronic in this current state? Any updates on when the new CEO will be officially announced?
Click to expand...


Horse shit. Medtronic investors and employees payed 50 million towards these guys taxes, period. You can try and spin and dress this up but at the end of the day we paid a lot of these peoples taxes. It’s called in the accounting world, a ghost tax, and yes true businessmen and women pay these every day before they actually see profits. Ask any land developer and they will tell you.

My father was a land developer. If he had a multi year development he would have to pay taxes on homes sold even though he had not made a profit yet. Example he has a development of 100 houses, and each house had a total cost of 200k per home and he sells them for 300k. He sells 1/3 of the homes in his first year, did he really make a profit. No he did not. But the IRS says he did 100k x 33 homes. So he owes personal income on 3.3 million even though the loan isn’t even close to being paid back and he has not seen a dime of profit.

Yeah, again REAL business people have to pay their own taxes and many times years in before they see anything in their account. Geoff and Omar are a bunch of wannabes with a corporate check book and a board of directors who have the spine of an 85 year old woman with osteoporosis.
 








anonymous said:
Horse shit. Medtronic investors and employees payed 50 million towards these guys taxes, period. You can try and spin and dress this up but at the end of the day we paid a lot of these peoples taxes. It’s called in the accounting world, a ghost tax, and yes true businessmen and women pay these every day before they actually see profits. Ask any land developer and they will tell you.

My father was a land developer. If he had a multi year development he would have to pay taxes on homes sold even though he had not made a profit yet. Example he has a development of 100 houses, and each house had a total cost of 200k per home and he sells them for 300k. He sells 1/3 of the homes in his first year, did he really make a profit. No he did not. But the IRS says he did 100k x 33 homes. So he owes personal income on 3.3 million even though the loan isn’t even close to being paid back and he has not seen a dime of profit.

Yeah, again REAL business people have to pay their own taxes and many times years in before they see anything in their account. Geoff and Omar are a bunch of wannabes with a corporate check book and a board of directors who have the spine of an 85 year old woman with osteoporosis.
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You have literally no idea what you’re talking about. To put it in the context of your land developer father, imagine he had those 100 houses worth $300k each that cost him $200k each to build and he had not sold any of them, not a one. He couldn’t sell them for 2 years because the city didn’t finish the road. Whatever. This would be like your father getting taxed now on 10M of unrealized profit even though he has not seen a nickel and would not for several years. You’re confusing the taxation on continuing operations. Also if your father structured his Buisness so he was paying tax on every single incremental gain against a backdrop of unrecovered massive investments he was really bad at his job.
 








anonymous said:
You have literally no idea what you’re talking about. To put it in the context of your land developer father, imagine he had those 100 houses worth $300k each that cost him $200k each to build and he had not sold any of them, not a one. He couldn’t sell them for 2 years because the city didn’t finish the road. Whatever. This would be like your father getting taxed now on 10M of unrealized profit even though he has not seen a nickel and would not for several years. You’re confusing the taxation on continuing operations. Also if your father structured his Buisness so he was paying tax on every single incremental gain against a backdrop of unrecovered massive investments he was really bad at his job.
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OK, Geoff, whatever you say, Geoff
 








anonymous said:
You have literally no idea what you’re talking about. To put it in the context of your land developer father, imagine he had those 100 houses worth $300k each that cost him $200k each to build and he had not sold any of them, not a one. He couldn’t sell them for 2 years because the city didn’t finish the road. Whatever. This would be like your father getting taxed now on 10M of unrealized profit even though he has not seen a nickel and would not for several years. You’re confusing the taxation on continuing operations. Also if your father structured his Buisness so he was paying tax on every single incremental gain against a backdrop of unrecovered massive investments he was really bad at his job.
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So then how should he have "structured" his business? Perhaps he should have executed a reverse merger with a business in Ireland & had his employees cover his taxes for him.
 
































































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