What to do about Stu

Quote






It was bound to happen. I'm interested to see whether Pete will change the leadership status quo and develop a healthier culture. We have some dead weight that needs to go, at all levels.
 






It was bound to happen. The spine division ended up 20 million under goal and the strategy of growth through aquisition was bound to fail. By placing Uncle Stu in a "Chairman of the Board" position, allowed us to fire Stu without firing him and relieved us from having to pay an exhorbitant (sp?) severance package. Spine has been the biggest failure, declining 15% across the board from Theken and Seaspine revenues. The Neuro division is not fairing much better. Bravo Integra. Goodbye Stu!
 






Anonymous said:
It was bound to happen. The spine division ended up 20 million under goal and the strategy of growth through aquisition was bound to fail. By placing Uncle Stu in a "Chairman of the Board" position, allowed us to fire Stu without firing him and relieved us from having to pay an exhorbitant (sp?) severance package. Spine has been the biggest failure, declining 15% across the board from Theken and Seaspine revenues. The Neuro division is not fairing much better. Bravo Integra. Goodbye Stu!
Click to expand...

The timing of this announcement couldn't have been better for him. He got to walk away before the bottom fell out. Now poor Pete in his 2nd week has to answer for a company that reported abismal year end numbers and announces a FDA warning letter.

I think he should have been man enough to take it on the chin and then go. Instead he did a quick dodge to let someone else take the blame when he was driving this ship the whole time.

I personally am happy about the change. I think Essig was holding us back. Now that he is gone I am excited to see what we become as a company.
 






Anonymous said:
The timing of this announcement couldn't have been better for him. He got to walk away before the bottom fell out. Now poor Pete in his 2nd week has to answer for a company that reported abismal year end numbers and announces a FDA warning letter.

I think he should have been man enough to take it on the chin and then go. Instead he did a quick dodge to let someone else take the blame when he was driving this ship the whole time.

I personally am happy about the change. I think Essig was holding us back. Now that he is gone I am excited to see what we become as a company.
Click to expand...

Recency Effect might really benefit Pete, though. If he can take the current conditions (low numbers, warning letter, etc.) and turn things around, he'll win the support of all stakeholders. It would be a fantastic boost to his career. I think Pete can do it.

We'll see what happens, and I'm happy about the change too, but worried about the possibility of being acquired by one of our giant competitors. Market analysts foresee a spike in M&A activity for 2012.
 






As a former employee and engaged as a swing trader in the market, word on the street is that all the acquisitions over the past 18 months are directly related to wooing a suitor. As the saying goes: Buy the rumor, sell the news.
 






Ouch:

http://www.bloomberg.com/news/2012-...rs-on-reduced-quarterly-revenue-forecast.html

stock price down 50% in 2011. perpetually poor performance by mgmt team finally catching up to them. glad to be gone.

how long can the mgmt team there last? they've been in way over their heads for a long time. moved up quickly through the internal ranks with little outside experience to bring to the table in managing growth, sales performance/motivation, etc.
 












Uh uh. 2:48 sounds like the old naysayer from the ghost of postings past. Integra's doing just fine. Stock will rebound and love will return to the world. I used to work there and just left a couple months ago. It was a very tough call to leave and made some great friends in Medina. Integra's a strong company and will come back with the new leadership in place.
 






I agree with the above post. I really don't think it's bad in comparison to other companies. We're in good financial standing- no overbearing debt or anything out of the ordinary.
 












Anonymous said:
Uh uh. 2:48 sounds like the old naysayer from the ghost of postings past. Integra's doing just fine. Stock will rebound and love will return to the world. I used to work there and just left a couple months ago. It was a very tough call to leave and made some great friends in Medina. Integra's a strong company and will come back with the new leadership in place.
Click to expand...

If you really thought it was that great you would still be here. There are good people at Integra and Stryker has been stealing them for years. Make a call already, is it going to be a real company or not. When you decide please remember to let the employees know.
 






My decision to leave was a personal one to join a small start-up in my hometown in Memphis. It gave me the opportunity to move back near family. However, the friends I made in Medina are missed. Great team, great family. Now, I pose your question back at you... If you hate it so much, why do you stay?
 






























Anonymous said:
These boys lost a boat load in the past month......and could be a lot or if the stock keeps plummeting.
Click to expand...

The 52 week high was $52.899 the low $23.09. That's is a tanker load of of money! More than 56% of the company's value.
MBO? Why would you when you really don't know when it's going to bottom out given the 'more' you & many 'informed' others allude to! Any VC worth their salt will simply wait and pick it up for cents on the $ the do what's necessary.
MBI? Who would finance the team that got you to this point in the first place?
Maybe Pete's plan is for enough share recovery to give everyone enough ROI [dividend + stock recovery] & the stock option holders, Stu & himself included, enough of a return make make their efforts worth their while and move on.
The real irony is that Integra is probably in the cross hairs of several aspiring Wall St M&A specialists who are acutely aware that there will come a point where the sum of the parts is worth more than the whole! The core businesses will always remain solid.
Integra's previous expansion & ambition and it's easy access to finance may ultimately prove to be it's undoing! They refinanced last year, on much publicized 'better terms' probably making them even more attractive now!
Stu still remains a Board Member of this and other companies; he's probably the only person who really knows what the plan is!
 






Top Bottom
Back
Quote