Vision Care has some great people both at the lab level and management level. The problem is the vast majority of folks are simply not up to the task. For years people were able to pick up bonuses without having to deliver anything. When was the last contact lens launched with a brand new material, let alone a breakthrough material? One issue is they have the same people in snr positions who have never delivered more than one product in 20 years. (Look at all the patents produced - hanging on the walls in offices like dear antlers - determine the revenue generated per patent then compare it to other companies.) If you aren't good enough to deliver in the lab you can find a job in project management. How many proj. managers have no fundamental training in this area, have to learn on the job and are running, sorry juggling, multiple projects? There are many fundamental problems in VC, not least folks who are happy to show up from 9-5, spend half the day chatting and complaining about the place and are just happy to pick up a paycheck. (You know who they are.) However, looking at the big picture....major changes continue at the corporate level and this DOES NOT help. Come on, CTO crying at end of year meeting in 2009. Seriosuly, what ever happend to courageous leadership. If you ever meet the CTO - unlikely as he's now moving back to CA, after moving to ROC, anything funny there? - and he recommends one of his favorite books, please pick up and read it. Everything you'll read about how great companies are run is the exact opposite of what is going on now. Some might say it's a shame but look at what happened to Kodak and Xerox - is it a ROC thing? -.....B&L is heading the same way,.....slow death.
Brent is only in it for the short term so he can say he ran a billion dollar global company, albeit one in 4th place in its sector.