Pfizer will cut another $1 billion in expenses

[Anonymous]

Sales bonuses going away. Sales Analysts and IMS Services being cut. Mgmt objectives will be the new scorecard.

 

[Anonymous]

Cutting our way to oblivion. cow-towing to the Street on the backs of your people. Class act Ian.

 

[Anonymous]

Cutting our way to oblivion. cow-towing to the Street on the backs of your people. Class act Ian.

Ian, thank God it's Monday! That lasted all of 3 months. TGIF!

 

[Anonymous]

but what about the salaries in the c suite?

http://www.pharmalot.com/2011/06/pfizer-to-cut-another-1b-in-expenses/

STATE DIRECTORS will face receive a Voluntary Ret. NOW that does save $ but still PFE pays out a bundle for these book toting fools!
Hey Carl W. Wood you take this deal??

 

[Anonymous]

How much do the execs spend jaunting around the world from one meeting to another trying to impress the other execs with how important they are that they have to see each other face to face.

Ever heard of teleconferences, Netmeeting, or video conferences--- seems like that technology should be available in New York by now?

Come on Ian & Frank- embrace the technology of the 1970's already.

 

[Anonymous]

The cuts are mostly administrative. Everything from redundant activities at headquarters and local sites to travel, entertainment, and even electronic gear is on the table. Sounds like it'll be a blast to work there -- if you still have a job.

http://www.fool.com/investing/value/2011/06/08/blockbuster-drug-like-profits-no-fda-required.aspx

 

[Anonymous]

How about they start off by eliminating all of these King DMs. Why do we have 2 DMs managing the same territories, same products, and same physicians. 2nd, get rid of the "Pain" specialty reps. You are not a specialist in anything. You sell a 20 year old nsaid in a patch form and you still got crushed by Voltaren Gel. We should keep one or two regular King reps. We need someone to sling this worthless overpriced Flector Patch.

 

[Anonymous]

The cuts are mostly administrative. Everything from redundant activities at headquarters and local sites to travel, entertainment, and even electronic gear is on the table. Sounds like it'll be a blast to work there -- if you still have a job.

http://www.fool.com/investing/value/2011/06/08/blockbuster-drug-like-profits-no-fda-required.aspx

redundant??? like sales ops???

 

[Anonymous]

Billion is just the ante. There will be much more bloodshed.

http://www.bnet.com/blog/drug-busin...izer-as-these-numbers-show/8659?tag=content;d

 

[Anonymous]

redundant??? like sales ops???

redundant??? like CGC and state management???

 

[Anonymous]

Dump overpriced legacy reps who make 6 fig salaries just to leave their houses