Thoughts on Justin Lampropoulos

Quote
anonymous said:
Numbers don’t lie. Direct side has tanked. Funny that you would say Disaster=Dunn when Merit direct had their best year under him.
Click to expand...

Hardly.

I was there. I worked in his organization until I couldn’t stand it anymore.

Dunn was a typical Fred kiss ass. It’s how he got the job and everyone knew it and whispered about it at every turn.

You also don’t have to be a scientist to see that this statement is blatantly stupid.

Review the numbers.

Rep to National VP?

A complete fool at his core who put everyone through a self help program and micromanaged the organization to the brink of disaster. If you were a Mormon or kissed his ring, he’d put you in a position you weren’t qualified for.

The only person who didn’t think that about Dunn was himself.

Arrogance at its finest.
 












anonymous said:
Hardly.

I was there. I worked in his organization until I couldn’t stand it anymore.

Dunn was a typical Fred kiss ass. It’s how he got the job and everyone knew it and whispered about it at every turn.

You also don’t have to be a scientist to see that this statement is blatantly stupid.

Review the numbers.

Rep to National VP?

A complete fool at his core who put everyone through a self help program and micromanaged the organization to the brink of disaster. If you were a Mormon or kissed his ring, he’d put you in a position you weren’t qualified for.

The only person who didn’t think that about Dunn was himself.

Arrogance at its finest.
Click to expand...


How does a public company this big get away with promoting such unqualified people to top management positions?
 






anonymous said:
How does a public company this big get away with promoting such unqualified people to top management positions?
Click to expand...

It’s something that’s both good and bad about MM. They give opportunities to people all around the country that they may not get at other companies. It’s part of their beliefs and charm. I’ve seen it work in many many cases. I’ve also seen it crash and burn. Dunn and I were co-workers and friends. He was a really good rep and a terrible VP. The company has changed for sure. It’s bigger and better in some ways and maybe could look at a couple other ways to improve. Back to selling!
 






The nepotism is part of the problem with Merit. Unqualified people in top jobs who are Fred's relatives, friends' of Fred and sons of people who are friends of Fred. MM also hires people who do not ask questions...too many insightful questions...you are in trouble! Just look at the numbers...it was bound to happen. You could only hide the numbers for so long. This tradition is being continued with Justin.

Also, top heavy with high salaries that eat away at profits!
 






anonymous said:
It’s something that’s both good and bad about MM. They give opportunities to people all around the country that they may not get at other companies. It’s part of their beliefs and charm. I’ve seen it work in many many cases. I’ve also seen it crash and burn. Dunn and I were co-workers and friends. He was a really good rep and a terrible VP. The company has changed for sure. It’s bigger and better in some ways and maybe could look at a couple other ways to improve. Back to selling!
Click to expand...

Nothing to see here folks, move on.
 






anonymous said:
Wasn’t Todd a National Sales Manager before becoming a Senior Vice President? Not sure how he made that leap. Weird.

Whatever Justin’s role is, I am sure he’ll do just fine. The organization has largely been built by him over the last 10 plus years anyways and successfully so. I am really anything but worried.
Click to expand...

Is this true? He’s been in charge for 10 plus years? That’s impossible.
 






anonymous said:
The nepotism is part of the problem with Merit. Unqualified people in top jobs who are Fred's relatives, friends' of Fred and sons of people who are friends of Fred. MM also hires people who do not ask questions...too many insightful questions...you are in trouble! Just look at the numbers...it was bound to happen. You could only hide the numbers for so long. This tradition is being continued with Justin.

Also, top heavy with high salaries that eat away at profits!
Click to expand...

Dumb statement.

Justin has made more change changes to the bobble heads in the last year or two than the prior decade of sales leadership combined.

Some don’t like it but I admire the guy for making tough calls.

Dunn tried to create the Mormon boys club.

Justin shot that down hard.

Been there/Seen that.

Todd is was a great hire.

You guys are fools beyond belief.

Back to my beer.
 






anonymous said:
Fake as his education. All you have to do is look at the proxy and financial statements to see the depth of nepotism in this company. It has to be the most nepotism in any public company and now the fate of the company will be with Justin. One thing is clear, he is not his dad nor does he have the acumen to do his current position.
Click to expand...
He has degrees from Oxford and Harvard! I’d say that’s about as good as it gets. Nepotism is not a crime by the way.
 






anonymous said:
He has degrees from Oxford and Harvard! I’d say that’s about as good as it gets. Nepotism is not a crime by the way.
Click to expand...
Are you serious????? LOL get a clue. He went to an executive education course. What did he do to get in the one week program (nothing)? Did he have to pass or score on a test to get in (no)? Was there exams in his exec ed course (no)? Did he receive a grade for each class (no)? NO, NO & NO, he paid a fee, showed up for a week and then left. Did he learn? Probably yes but not to the degree a MBA or PHD student would at Harvard or Oxford and you have offended them by putting Justin in that same class. He is not educated to other benchmark executives and it is evident. It is embarrassing he is in this role and if it was not for his dad he would never have this job at a top med tech company. You are right nepotism is not a crime, but I hope the shareholders hold him accountable for his incompetence. Maybe the current stock crash at Merit is only the beginning? You can dress up and put lipstick on a pig (aka Justin) but at the end of the day it is still a pig.
 












anonymous said:
Are you serious????? LOL get a clue. He went to an executive education course. What did he do to get in the one week program (nothing)? Did he have to pass or score on a test to get in (no)? Was there exams in his exec ed course (no)? Did he receive a grade for each class (no)? NO, NO & NO, he paid a fee, showed up for a week and then left. Did he learn? Probably yes but not to the degree a MBA or PHD student would at Harvard or Oxford and you have offended them by putting Justin in that same class. He is not educated to other benchmark executives and it is evident. It is embarrassing he is in this role and if it was not for his dad he would never have this job at a top med tech company. You are right nepotism is not a crime, but I hope the shareholders hold him accountable for his incompetence. Maybe the current stock crash at Merit is only the beginning? You can dress up and put lipstick on a pig (aka Justin) but at the end of the day it is still a pig.
Click to expand...

Did he graduate from any college at all?
 






The stock is not doing so well. How come no one talks about the rest of the incompetent VP sales management at Merit that reports into Todd. They should be asking why they are not being held responsible for having terrible growth in a robust US economy.
 






anonymous said:
The stock is not doing so well. How come no one talks about the rest of the incompetent VP sales management at Merit that reports into Todd. They should be asking why they are not being held responsible for having terrible growth in a robust US economy.
Click to expand...

Not doing so well ? That is an understatement. It’s terrible. I disagree that the fault lies entirely on the VPs. That seems unreasonable and a blatant attempt to shift blame. Is it possible that the problem comes from above instead of below? It’s just too easy to throw people under the bus.
 






Well people love to always blame the top guys. Sometimes, it's the guys lower down who may also be incompetent. The sales in US says it all. Robust economy weak sales. Let's see what Q3 2019 says. There is not much remaining in September. Let's see what the GM% looks like...
 






My God! Middle management is so so? Middle management is fundamentally made up of mediocre people by its sheer nature. This forum is infested with 3-5 disgruntled, probably life career sales reps. Can it be any more obvious? Your syntax is predictable and it doesn’t take a rocket scientist. Get a life and perhaps even a job. My guess is you don't have one or are looking heavily. I may even know who you are.

Now looking at the last quarter, the US outperformed most indexes either GDP, total market growth rates or competitor small cap. This defeats the economic argument made by disgruntled turd number one. From my point of view (and I’ve been in finance before) I can’t say the US sales from the management presentation are really as some here are describing it.

5.6 percent on the bedrock business and 16.2 total is actually above market rate. If anything there does seem to be a misalignment in the expectations of WS and what the company has delivered. That’ll course correct over time and anyone with a half brain would understand that. I’m sure the 3-5 turds on here are ready for their emotional and defeating response after this. I suggest you get a real job, retire, or get on with that new job you’ve been considering but can’t land.
 






anonymous said:
Well people love to always blame the top guys. Sometimes, it's the guys lower down who may also be incompetent. The sales in US says it all. Robust economy weak sales. Let's see what Q3 2019 says. There is not much remaining in September. Let's see what the GM% looks like...
Click to expand...

What’s GM have to do with overall earnings one may say? If the company can drive sales growth and leverage its expenses below the line, they’ll meet the earnings. Any business would. Read previous — not rocket science. Or is it? It is pretty juvenile to read your comment on “US says it all” although it does make for good afternoon comedy. The US has been slow for medical device for a decade all things considered. 2-3% growth has been rewarded in other mid-large cap while being the staple of expectations for a some time. Now for my concluding insult: at least I know you’re not an intelligent analyst or have any real sense of how the world operates. An isolated Mormon turd is my guess.
 






anonymous said:
My God! Middle management is so so? Middle management is fundamentally made up of mediocre people by its sheer nature. This forum is infested with 3-5 disgruntled, probably life career sales reps. Can it be any more obvious? Your syntax is predictable and it doesn’t take a rocket scientist. Get a life and perhaps even a job. My guess is you don't have one or are looking heavily. I may even know who you are.

Now looking at the last quarter, the US outperformed most indexes either GDP, total market growth rates or competitor small cap. This defeats the economic argument made by disgruntled turd number one. From my point of view (and I’ve been in finance before) I can’t say the US sales from the management presentation are really as some here are describing it.

5.6 percent on the bedrock business and 16.2 total is actually above market rate. If anything there does seem to be a misalignment in the expectations of WS and what the company has delivered. That’ll course correct over time and anyone with a half brain would understand that. I’m sure the 3-5 turds on here are ready for their emotional and defeating response after this. I suggest you get a real job, retire, or get on with that new job you’ve been considering but can’t land.
Click to expand...

That is a bold statement. I disagree that a company losing 40% of it’s share value is trivial and will course correct on its own. There was a failure and it should be called out. From reading this board, it sounds like the US sales force is taking the brunt of the blame but the problem is more complex. Also, the Mormon bashing makes you look prejudice and hard to take seriously.
 






anonymous said:
What’s GM have to do with overall earnings one may say? If the company can drive sales growth and leverage its expenses below the line, they’ll meet the earnings. Any business would. Read previous — not rocket science. Or is it? It is pretty juvenile to read your comment on “US says it all” although it does make for good afternoon comedy. The US has been slow for medical device for a decade all things considered. 2-3% growth has been rewarded in other mid-large cap while being the staple of expectations for a some time. Now for my concluding insult: at least I know you’re not an intelligent analyst or have any real sense of how the world operates. An isolated Mormon turd is my guess.
Click to expand...
 












Top Bottom
Back
Quote