Sinking ship.......

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Anonymous

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Stock is dropping a buck or two a day it seems like every day. Investors are giving up and dumping their stock. Our leadership team has milked their stock options by selling off tens of millions of dollars for themselves this year and last. They have no incentive to stay and there is no pipeline - just nice cars to drive and fat bank accounts for Jeff's team. Time to put on the life preserver and find a new job elsewhere. Good luck to anyone who stays -- I hope they make it worth your while and that you can swim when the next round of cuts happen later this year -- they're not going to incur the cost to move all of us to Fan Pier. I want to be out of here and employed elsewhere before those next round of layoffs. Easier to find a job while I'm still employed than to explain why I was one of the ones let go. Good luck to all.

Survivor
 












We don't have "Management". We have Medical Docs and Scientists pretending to be Management. Seriously -- do you have faith and confidence to let Jeff and his crew hold your career /future in their hands? I have a mortgage, car payments and kids to feed.
 






Anonymous said:
We don't have "Management". We have Medical Docs and Scientists pretending to be Management. Seriously -- do you have faith and confidence to let Jeff and his crew hold your career /future in their hands? I have a mortgage, car payments and kids to feed.
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So true. My stock options were worth something a couple of weeks ago and now they are almost worthless, definately not an incentive. How long before we trade down into the $50's -- by end of week?
 






Anonymous said:
Wait until the lawsuits hit. The stock will be back in the 40s if they are lucky. Management was smart, sell when you can
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Does insurance pay for lawsuits and settlements or does that come from the cash Vertex has? Seems like the cash is going to go very fast with lawsuits, the new buildings, and no Incivek.
 






Anonymous said:
Stock is dropping a buck or two a day it seems like every day. Investors are giving up and dumping their stock. Our leadership team has milked their stock options by selling off tens of millions of dollars for themselves this year and last. They have no incentive to stay and there is no pipeline - just nice cars to drive and fat bank accounts for Jeff's team. Time to put on the life preserver and find a new job elsewhere. Good luck to anyone who stays -- I hope they make it worth your while and that you can swim when the next round of cuts happen later this year -- they're not going to incur the cost to move all of us to Fan Pier. I want to be out of here and employed elsewhere before those next round of layoffs. Easier to find a job while I'm still employed than to explain why I was one of the ones let go. Good luck to all.

Survivor
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I think your right. I've been hearing most of those laid off got around 8 weeks of sevarance. Thats not much, especially when the job market is so tight for what I do and Cobra is so expensive. I wasn't going to look, but I think I will at least keep my eyes open for anything that opens up.
 






Anonymous said:
Does insurance pay for lawsuits and settlements or does that come from the cash Vertex has? Seems like the cash is going to go very fast with lawsuits, the new buildings, and no Incivek.
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Sometimes, it depends on the policy and details of damages. However, even defending the lawsuits will take a big chunk of cash.
 






It's a shame. I've been on a company that was a sinking ship before. In hindsight the hints were there. Management cashing out, a stock price sliding, a big layoff and then a couple of mini-layoffs. The shame is that the good people bail out and land elsewhere the fastest. That's what happened before -- the best people gave up and left first, which only made the sinking ship sink faster because only the duds were left. The shame is there is plenty of dead wood at the Senior Director and VP level to get rid of and they should do it now -- trimming that would be the smartest thing, but like my last company the leadership team wouldn't hack that protected layer -- just us worker bees.

Hopefully I can survive the move, get my bonus, and land elsewhere.
 






Anonymous said:
So true. My stock options were worth something a couple of weeks ago and now they are almost worthless, definately not an incentive. How long before we trade down into the $50's -- by end of week?
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I was going to dump some options last week when the price was in the upper 70's but didn't get around to it. I'm kicking myself. I dumped this morning at 64, and glad I did since the stock seems to keep tumbling.
 


















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