great insight into their business. the CFO is no joke. He is a major Merger and acquisition guy. Bottom line, working for valeant is like working for a private equity sweat shop. No marketing spend, that means reps have no resources. Here is the money quote.
MAJOR CUTS COMING PEOPLE>>>ACROSS THE GLOBE
"They run their business as 3 global business units. As you all know, anyone who knows us well knows that we don't run global business units. We run a decentralized model. So they have 3 global business units. In addition, they have regional infrastructure. So Mike and I were in Europe last week, we kicked off the integration in Europe. And they have their 3 global business units and they have a European regional infrastructure. Then they'll have a country manager and then they'll have individual managers for each of the 3 business units underneath, with a complicated matrix between the global business units and regional structures. That's not how we're going to run the business. We're going to be true to our decentralized approach. So in any one country, they'll -- we have a country manager in Poland. We'll have -- continue to have one, but we'll have one person that deals with eye care in Poland, not 4 people to deal with eye care. We're not going to have regional European infrastructure nor are we going to have it in Latin America or Asia, and we will be running global business units. And that's where the bulk of the savings, just breaking down that infrastructure is going to come from."
