Where Could Valeant be Headed with Bausch + Lomb

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Anonymous said:
Irrelevant. Interview was done on June 11.
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Also, I am sure that Valeant is not even close to the 800 million savings and a lot more layoffs next year are likely.

Valeant is just waiting for a time where there will not be political fallout when they make their move.

Good luck to all. Valeant will get the development work done in the next 6 months and then see ya.
 






To answer your question... Bausch & Lomb is headed no where with Valeant. Just another M&A
To push up share price, cut costs not interested in R&D.. People development..patients quality of life improving through products.... Just interested in pushing up that share price. And shareholders beware because you All will get stung this company is a house of cards!
 






I agree ,They are good at acquiring companies, but don't really integrate or actually know how to run, manage or operate a pharma company. If they have asked you to stick around - its not because you are incredible at what you do - it's because you werent the highest paid in the department and won't rock the boat in any way... They will take you down to bare bones and it's their way or the highway - no integrity, no striving for excellence - they just dont care.
 


















Anonymous said:
Headed for disaster. It's impossible to get anything done anymore.
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Have to say I disagree. Now that the bloated ranks of vice presidents and directors and other non value added positions have been thinned, we've got more done in the past two months than we'd accomplished in the past 12 months. Because the ranks are reduced and the workload per person has increased so greatly, fewer people are standing in the way of progress merely to justify their position / existence - they're more willing to discern between what must be done and what they would like to see simply to make their jobs easier. B&L was so top heavy for so long - and it only worsened under the the reign of WP, it's good to see us get back to lean and mean and focused on efficiency and effectivity and less on superfluous, non-essentials. People who used to spend so much time filling in some square or field on a report solely for the sake of sending to someone in California or Rochester to read - no longer have to do that - they can actually do real work now that contributes to the bottom line, not some BS for a slide presentation for a bunch of over paid stuffed shirts to sit in a room and talk about. Keep it coming I say. We need probably less than 10 people at the top, a handful of frontline managers and support people, and direct labor. R&D, IT, HR, and Regulatory can all be outsourced or absorbed by Valeant.
 






Yeah, yeah.... Big speech Mikey!! Or other MGT slug....The problem is HR, IT etc.. Are not being absorbed or replaced or even outsourced mate. Sales people who keep you and I in jobs have been decimated to increase share price & in time this will result in sales flattening off..... On top of this there are no products in the pipeline... As no R&D. However, shareholders are lead to believe we have lots of products coming out over next few years!
A total farce.... Who is really fooling who
 






Well said!! The more accurate posts in answer to the question to where Bausch & Lomb are headed is no-where fast. The rate at which valeant are destroying it & pulling it apart means there will be very little, if anything left in 2-3 yrs. Fact!
 












Anonymous said:
Have to say I disagree. Now that the bloated ranks of vice presidents and directors and other non value added positions have been thinned, we've got more done in the past two months than we'd accomplished in the past 12 months. Because the ranks are reduced and the workload per person has increased so greatly, fewer people are standing in the way of progress merely to justify their position / existence - they're more willing to discern between what must be done and what they would like to see simply to make their jobs easier. B&L was so top heavy for so long - and it only worsened under the the reign of WP, it's good to see us get back to lean and mean and focused on efficiency and effectivity and less on superfluous, non-essentials. People who used to spend so much time filling in some square or field on a report solely for the sake of sending to someone in California or Rochester to read - no longer have to do that - they can actually do real work now that contributes to the bottom line, not some BS for a slide presentation for a bunch of over paid stuffed shirts to sit in a room and talk about. Keep it coming I say. We need probably less than 10 people at the top, a handful of frontline managers and support people, and direct labor. R&D, IT, HR, and Regulatory can all be outsourced or absorbed by Valeant.
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Really? The cuts in employees have not been that big. To validate your statement a real layoff would have to occur. Politics and the desire to finish the development of a few products in the pipeline have held Valeant back.

There are still way too many facilities (California, St. Louis, Tampa, Greenville, New Jersey, Rochester) and way too many people to say that this is a lean and mean company. Valeant could cut the number of employees by 50% and it would have little impact on their business. If they no longer are interested in D&R and marketing they are really way over staffed for their business model.

Check the progress on their 800 million projected savings. Are they there yet?
 






What planet are you on? In Europe cuts across the board are 60% or more.....FACT.....this is already wayyyy short staffed & an impossibility to run a pharma on!! On top of this Some centres have been completely shut down & others are running with a skeletonl staff
 






What planet are you on? Cuts have been MASSIVE.... To an already slimmed down company... In Europe cuts across the board are 60% or more.....FACT.....this is already wayyyy short staffed & an impossibility to run a pharma company on!!! On top of this Some centres have been completely shut down & others are running with a skeletonl staff... With no R&D... How tell me does that work?
 






They can't run the company. FDA monitors these boards and wait for them to start inspecting all pharma locations next year. They know Valeant's reputation already. And they know B+L's reputation (lots of recalls and manufacturing issues). Many things are falling thru the cracks because there was no chance to download information when layoffs occurred. The people that knew the products were cut and now idiots (or consultants) are doing their work. The people remaining will meet few deadlines, be worked to death, and then figure out they can get better jobs somewhere else with less stress.
 


















Taken from Valeant board:

First of all: Listen everyone working for Valeant and Mike Pearson. Eventually, you will be used up and thrown out without ceremony or praise. Valeant and Mike Pearson will heap work on you that 10 people cannot finish and then threaten to fire you if you do not complete it.

Second: If you think your job is safe, then you are an idiot. Valeant is a paper company only. A figment of financial imagination. Mike Pearson purchases companies, dismantles them, firing everyone involved, and heaping the work on other employees. This has happened time and time and time and time and time and time and time again. Get the picture? I appreciate your thoughts, however, you are not valued, you are not appreciated, and you are not worthy. Mike Pearson does not care about you. As long as he can support his business model and dupe the FDA and IRS into thinking he is a businessman, he will continue to spread heartache and pain in all employees associated with him.

Third: I was there in 2008 when Mike Pearson came on board and lied to all of our faces in a meeting when he said that our jobs were safe. That we were valued and that our purpose was to help others. Then, less than 6 weeks later, all of us were laid off...doctors, nurses, PhDs, administrators. It was a royal slap in the face.

So, for the 10 to 15 companies since 2008 that Mike Pearson has purchased and purged, I ask you: When are you going to wake up and smell the pharma? When are you going to stop seeing that there is hope. Get out now. You will be destroyed without even the littlest bit of thought. Stop beine naive and start accumulating material to send to the FDA and IRS. This is the only way to stop the fat pig Mike Pearson.
 






How about a business model that gives jobs to people instead of taking them away!!!! A company that has new products in its pipeline, that invests in people to do their jobs(wow stockholders & physicians ,that's right the products are tainted & you are being detailed by
A rep who doesn't know what they are talking about!)

Pearson's model eliminates jobs in the United States & Europe while Valeant pays little corporate income tax based on incorporation outside of Canada.. The winners are his buddies from the investment community which he probably keeps in touch with before any deal is announced.

Pearson is a scumbag. Employees, patients and the pharmaceutical industry are cast aside in his quest for stockholder equity. One word UNETHICAL
 






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