Worst CEO in Pharma...?

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anonymous

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I’m just curious to hear your thoughts.
Have we got the worst CEO BY FAR in big Pharma? With molecules like Sema and tresiba any decent CEO would be driving the business really hard for the next decade while protecting and growing employment. But not our useless guy with a useless executive team... Thoughts?
 








Unfortunately he is completely out of touch with the reality of the healthcare system in the US... Profiteering is the name of the game. Fire 100’s of people if that helps.
 








anonymous said:
Unfortunately he is completely out of touch with the reality of the healthcare system in the US... Profiteering is the name of the game. Fire 100’s of people if that helps.
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Are you really trying to pretend that we didn’t have too many people promoting too few products? Come on...it sucks that people lost their jobs, but that doesn’t make it a bad business decision. If you want to fault him for anything, he probably waited too long and didn’t cut deep enough.

And, profiteering is the name of the game at every for-profit company. That’s why the company exists.
 




A broken model for sure!
But the leading company in diabetes should be able to navigate much better... We lay-off long serving employees when so many people are not even being treated...
 




anonymous said:
Are you really trying to pretend that we didn’t have too many people promoting too few products? Come on...it sucks that people lost their jobs, but that doesn’t make it a bad business decision. If you want to fault him for anything, he probably waited too long and didn’t cut deep enough.

And, profiteering is the name of the game at every for-profit company. That’s why the company exists.
Click to expand...
 








anonymous said:
Are you really trying to pretend that we didn’t have too many people promoting too few products? Come on...it sucks that people lost their jobs, but that doesn’t make it a bad business decision. If you want to fault him for anything, he probably waited too long and didn’t cut deep enough.

And, profiteering is the name of the game at every for-profit company. That’s why the company exists.
Click to expand...
 




anonymous said:
Profiteering!
But what about the American patients? Isn’t that what Novo Nordisk is all about?
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You can help patients and make money at the same time. Quit acting like a company can’t set both as goals - the entire pharma, medical device, diagnostic, etc industries both help people and make money. To do good, you have to do well. Go work for a charity if you don’t like profit-seeking companies.
 




anonymous said:
You can help patients and make money at the same time. Quit acting like a company can’t set both as goals - the entire pharma, medical device, diagnostic, etc industries both help people and make money. To do good, you have to do well. Go work for a charity if you don’t like profit-seeking companies.
Click to expand...
 




anonymous said:
You can help patients and make money at the same time. Quit acting like a company can’t set both as goals - the entire pharma, medical device, diagnostic, etc industries both help people and make money. To do good, you have to do well. Go work for a charity if you don’t like profit-seeking companies.
Click to expand...
 




I agree that all companies need to make a fair profit to survive and be successful.... I guess the big question for Novo Nordisk is how much is enough when they got the insulin patent for just $1 almost 100 years ago to provide insulin for patients in need of life saving medicine??
And is it right to lay-off 100’s of American employees during a global pandemic when we make so much profit in the US? Is that right??
 




Profiteering is obviously the foundation of capitalism...I have a problem when the greed. The notion of: it costs us $1 to make this widget, let’s sell it for $10....you turn a great profit...but then it becomes, “how can we cut costs to making it for .50 cents and selling it for $20....that’s the f’d up part for me...no matter what happens, we have to appease shareholders or else. Even in a pandemic, they can’t re-adjust projections. Shit is crazy. Lock-step pricing, laying people off...whatever it takes to hit that number...Lord knows I need a new home for my family and a speedboat for my girlfriend...you’ll never in your life hear..”for the sake of morale and business, us as the executive team will forgo our bonuses to keep us moving forward as a company and boost morale...” NEVER
 




anonymous said:
I agree that all companies need to make a fair profit to survive and be successful.... I guess the big question for Novo Nordisk is how much is enough when they got the insulin patent for just $1 almost 100 years ago to provide insulin for patients in need of life saving medicine??
And is it right to lay-off 100’s of American employees during a global pandemic when we make so much profit in the US? Is that right??
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So, you’re ok with making a profit, but there’s some mystery limit that’s in your head as to how big that profit should be that the executives at Novo Nordisk should adhere to? That seems a little bit silly, doesn’t it?

We’re too big. You know that and I know that, and you’re not alone in losing your job during this pandemic. You’re just pissed it happened to you and/or your buddies. Good business decisions aren’t always popular. That doesn’t make them wrong.
 




anonymous said:
Profiteering is obviously the foundation of capitalism...I have a problem when the greed. The notion of: it costs us $1 to make this widget, let’s sell it for $10....you turn a great profit...but then it becomes, “how can we cut costs to making it for .50 cents and selling it for $20....that’s the f’d up part for me...no matter what happens, we have to appease shareholders or else. Even in a pandemic, they can’t re-adjust projections. Shit is crazy. Lock-step pricing, laying people off...whatever it takes to hit that number...Lord knows I need a new home for my family and a speedboat for my girlfriend...you’ll never in your life hear..”for the sake of morale and business, us as the executive team will forgo our bonuses to keep us moving forward as a company and boost morale...” NEVER
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Spot-on!
 




anonymous said:
Profiteering is obviously the foundation of capitalism...I have a problem when the greed. The notion of: it costs us $1 to make this widget, let’s sell it for $10....you turn a great profit...but then it becomes, “how can we cut costs to making it for .50 cents and selling it for $20....that’s the f’d up part for me...no matter what happens, we have to appease shareholders or else. Even in a pandemic, they can’t re-adjust projections. Shit is crazy. Lock-step pricing, laying people off...whatever it takes to hit that number...Lord knows I need a new home for my family and a speedboat for my girlfriend...you’ll never in your life hear..”for the sake of morale and business, us as the executive team will forgo our bonuses to keep us moving forward as a company and boost morale...” NEVER
Click to expand...

You know and I know that the layoff has nothing to do with hitting a number this year. We just don’t need 3 people in micro territories promoting the same 2 products with HS and specialty laid on top of them. I understand that you don’t like it when it impacts you or your co-workers, but this isn’t about greed or hitting this year’s numbers. It’s about an outdated sales model with layers of redundancy. That’s bad business, no matter how you look at it. Your feelings are hurt and you want to paint NNI as this big, bad corporation focused on greed, but they’re just a company evolving over time who just made a really good business decision.
Just stop acting like anyone did you wrong. It happens all over the world every day - go get a new job. That’s how it works.
 




anonymous said:
You know and I know that the layoff has nothing to do with hitting a number this year. We just don’t need 3 people in micro territories promoting the same 2 products with HS and specialty laid on top of them. I understand that you don’t like it when it impacts you or your co-workers, but this isn’t about greed or hitting this year’s numbers. It’s about an outdated sales model with layers of redundancy. That’s bad business, no matter how you look at it. Your feelings are hurt and you want to paint NNI as this big, bad corporation focused on greed, but they’re just a company evolving over time who just made a really good business decision.
Just stop acting like anyone did you wrong. It happens all over the world every day - go get a new job. That’s how it works.
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I hope you say that when your a$$ is canned, because they definitely don’t need 2 ppl in micro territories either selling the same damn thing specially the wonderful newly minted DCS from the Crap H team who think they’ve been demoted.
 




anonymous said:
I hope you say that when your a$$ is canned, because they definitely don’t need 2 ppl in micro territories either selling the same damn thing specially the wonderful newly minted DCS from the Crap H team who think they’ve been demoted.
Click to expand...

if it happens to me, then happens to me. It will not be the first time in my career. I agree, we did not cut deep enough with this round.
 




anonymous said:
Profiteering is obviously the foundation of capitalism...I have a problem when the greed. The notion of: it costs us $1 to make this widget, let’s sell it for $10....you turn a great profit...but then it becomes, “how can we cut costs to making it for .50 cents and selling it for $20....that’s the f’d up part for me...no matter what happens, we have to appease shareholders or else. Even in a pandemic, they can’t re-adjust projections. Shit is crazy. Lock-step pricing, laying people off...whatever it takes to hit that number...Lord knows I need a new home for my family and a speedboat for my girlfriend...you’ll never in your life hear..”for the sake of morale and business, us as the executive team will forgo our bonuses to keep us moving forward as a company and boost morale...” NEVER
Click to expand...

In my view, Novo is the worst out there (have worked for others too) - but the rhetoric about the “Novo Nordisk way” is complete and utter BS when the top table and the CEO do not practice it. All Danish propaganda!
 




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