Rick Acquires Allergan for $63 Billion

Quote






anonymous said:
This is pretty accurate. I too was at Forest/Actavis/Allergan for about 18 years. Forest was very well run with a great atmosphere and culture. Everybody loved our CEO Howard Solomon and we’d breaj our backs for him. Then here comes Saunders. Every meeting became threatening. It was a Fear Factor sales job. Some regions put reps at “Below Expectations” unless the reps were in the top 25%.

God help y’all if Carry Renner has a role with your company. Saunders will ruin your company. He’s been a disaster in most every place he’s been. He ruined Forest/ Allergan. You’re about to be in a dark, heavy handed, threatening environment with some of the thickest micromanagement that you’ve ever seen.
Click to expand...

Exactly. Thank you.. Furthermore remember the difference between the two NSM meetings? Anaheim, CA 2011 vs. Phoenix, AZ 2013. Totally dreadful.
 






Will J&J try to outbid Abbvie and steal AGN deal? They’re in the same boat as Abbvie and woukd be a better fit. Heard chatter on street about it but it’s a long shot.
 






I can’t believe that your college drop out, lying CEO had the gall to say on conference call today, that “he’s staying until Humira patent expires”? That’s a LONG time and he’s lying again.
 






This is actually a win for Trump. Bringing Dublin’s jobs and headquarters to USA with tax cuts offsets the hurt. I’d be surprised if he doesn’t mention this deal and take credit.
 


















anonymous said:
This is actually a win for Trump. Bringing Dublin’s jobs and headquarters to USA with tax cuts offsets the hurt. I’d be surprised if he doesn’t mention this deal and take credit.
Click to expand...


As a shareholder I CANT vote on this deal. AbbVie has cleverly (and possibly illegally) structured this transaction to avoid a shareholder vote by limiting its issuance of stock to 19.2%, which is just below the 20% threshold that NYSE would mandate a shareholder vote. If there were an AbbVie shareholder vote on the deal, the spread would be wider and shareholders would probably nix the transaction and the stock wouldn’t be down over 16%. I smell ANOTHER class action suit by shareholders. FTC and DOJ may back down as DJTs agenda is playing out and they get a stand down order from Our Great President.
 


















anonymous said:
This is pretty accurate. I too was at Forest/Actavis/Allergan for about 18 years. Forest was very well run with a great atmosphere and culture. Everybody loved our CEO Howard Solomon and we’d breaj our backs for him. Then here comes Saunders. Every meeting became threatening. It was a Fear Factor sales job. Some regions put reps at “Below Expectations” unless the reps were in the top 25%.

God help y’all if Carry Renner has a role with your company. Saunders will ruin your company. He’s been a disaster in most every place he’s been. He ruined Forest/ Allergan. You’re about to be in a dark, heavy handed, threatening environment with some of the thickest micromanagement that you’ve ever seen.
Click to expand...

Unfortunate you deal with this and claim the entire company is like this. I’ve been here for years and I can say this- it’s not a company issue, because I (and teammates) do not feel like this and have never received “below expectations” or any rating solely on numbers. now, I’ve never performed in the bottom 25% for the duration of an entire year...

I’ve also never been threatened, feel threatened, or been so micromanaged I don’t know what to do. What you go through is not nationwide.
 






Over 2600 views since 8am. You’ll find the truth on CP on all the boards. Just dig through the bullshit (and there’s plenty) and you’ll find golden nuggets. C Suite READS this board The BOD reads this board. Attorneys both for and against Abbvie reads this board. The competition, investors, FDA, SEC, FTC along with aspiring whistleblower wannabe’s READS this board Be thankful you have a high traffic forum to anonymously vent and post important info for our industry and regulators to see.
 






anonymous said:
Unfortunate you deal with this and claim the entire company is like this. I’ve been here for years and I can say this- it’s not a company issue, because I (and teammates) do not feel like this and have never received “below expectations” or any rating solely on numbers. now, I’ve never performed in the bottom 25% for the duration of an entire year...

I’ve also never been threatened, feel threatened, or been so micromanaged I don’t know what to do. What you go through is not nationwide.
Click to expand...


We are referring to our time working at Forest Pharm, now Allergan. We aren't talking about Abbvie.
 












anonymous said:
Stop you’re making us look bad to Abbvie brass. I’m excited to join this company and the ceo sounds like a fine, honest man that will nurture us to a rewarding long lasting lucrative gig.
Click to expand...

What to expect from Allergan reps, the juiced up, ex-enterprise car rental agent tool bags.
Oy Vey!!!! Thanks Rick..
 












anonymous said:
Everyone needs to pump the brakes on the name calling because at the merge we will be one in whatever form it takes. Let’s do our jobs until that happens and let the best survive. We have a long half a year to wait let’s not make it worse by demeaning each company both have good points and bad and hopefully the new entity will be a great opportunity for everyone.i

Like watching a slow train wreck!
Click to expand...
 






WOW, ricky must be a financial genius. AGN for the last three years has increasing net income losses. With 2018 coming in at a loss of over $5 billion. Look @ the financials, 2018 was the biggest net income loss during the last 5 years. Combine that with total assets continuing to go down the last 3 years. Don't forget shareholder equity in a downward trend the last 4 years.

No wonder why the market is trashing rickys lack of financial judgement.
 






anonymous said:
Over 2600 views since 8am. You’ll find the truth on CP on all the boards. Just dig through the bullshit (and there’s plenty) and you’ll find golden nuggets. C Suite READS this board The BOD reads this board. Attorneys both for and against Abbvie reads this board. The competition, investors, FDA, SEC, FTC along with aspiring whistleblower wannabe’s READS this board Be thankful you have a high traffic forum to anonymously vent and post important info for our industry and regulators to see.
Click to expand...

That’s a fact Jack!
 






anonymous said:
Allergan's salesforce culture will not gel well with our standards. I hope all Product Managers, Product Directors, NSMs, RDs, RBDs, and DMs stay under Abbvie's control when realignments and franchises are created.
I pray to any higher being to make sure this happen.
Click to expand...

Agree completely that the Allergan reps will not at all "gel" with the Abbvie culture.... As history has proved, Abbvie will take on these new reps, shock them with sales manager mandated new metric and tracker requirements, and they will all jump like rats off the Abbvie ship.... Then the remaining Abbvie reps that are used to the dysfunction will only earn a pittance of the remaining bonus (because quotas are impossible), the "house" (Abbvie) will pocket the profits, and churn and burn out reps like they historically have done... The upside? The remaining Reps/Managers will suddenly look 10 years younger because of all the "samples" that are unaccounted for that were injected into their forehead frontalis lines and fillers in their nasalabial folds... Enjoy !
 






Top Bottom
Back
Quote