Zimmer Biomet culture??

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anonymous said:
sure....Spine and Dental were the massive roadblocks for MDT to acquire ZB. MDT after all could never deal with that complexity given their small $150 billion market cap
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The government won’t let medtronic merge with more spine. Same reason why zimmer biomet merger had to get rid many implants as well. Pretty simple answer.
 



anonymous said:
The government won’t let medtronic merge with more spine. Same reason why zimmer biomet merger had to get rid many implants as well. Pretty simple answer.
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ok Mr. Lawyer.... the Anti-trust code of M&A in his 1987 ruling of “fair and competitive practices” (validated twice since then) indicates that no “merger can result in a monopolistic position as represented by a disproportionate share of the market. Market defined as the same exact set of offerings to the same set of customers.”

zimmer biomet has a 5% share in Spine. Medtronic ~18%. Combined (get mommy to help you here) would be 23%. This means (mommy to the rescue again) that others would have 77% of the pie and “the government wouldnt do anything” Mr. North Korea.

Besides.....if Spine were the obstacle MDT would buy the whole thing and then divest Spine...like Stryker bought Wright Medical and then divested their ankle.

go sell something.
 



anonymous said:
sure....Spine and Dental were the massive roadblocks for MDT to acquire ZB. MDT after all could never deal with that complexity given their small $150 billion market cap
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The real question is WHY would MDT buy a dying company. With their billions they can buy something differentiated and performing.
 



anonymous said:
The real question is WHY would MDT buy a dying company. With their billions they can buy something differentiated and performing.
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Exactly. So tired of this. If MDT truly wants a hip/knee presence, there are much cheaper (and better) bolt-on options than ZB. Think about it from MDT’s perspective. Why the hell would they want all this drama and the shit-show that is ZB? Yes they can afford it, but filling this portfolio gap could be done for a lot less $$. Of course Hanson wants this to happen... he wants to get PAID, hence all the effort and lipstick he’s slapping on this pig.
 



anonymous said:
ok Mr. Lawyer.... the Anti-trust code of M&A in his 1987 ruling of “fair and competitive practices” (validated twice since then) indicates that no “merger can result in a monopolistic position as represented by a disproportionate share of the market. Market defined as the same exact set of offerings to the same set of customers.”

zimmer biomet has a 5% share in Spine. Medtronic ~18%. Combined (get mommy to help you here) would be 23%. This means (mommy to the rescue again) that others would have 77% of the pie and “the government wouldnt do anything” Mr. North Korea.

Besides.....if Spine were the obstacle MDT would buy the whole thing and then divest Spine...like Stryker bought Wright Medical and then divested their ankle.

go sell something.
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This isn't exactly how it works. It's by product. If Medtronic and ZB both had a device in the same category they would have to divest if they had any kind of real market share in that category. Hence the divesting of the partial knee portfolio in the Z/B merger.

It's not as simple as comparing total sales to one another and then the entire market. That's just not how it works. You don't need to be a lawyer to know that; just someone who's been paying attention over the years as the big mergers took place.
 



anonymous said:
First of all I am not employed by ZB, but am a significant share holder. From this blog, talking with ZB employees, reading analyst reports, etc. I have watched both Zimmer and Biomet disinigrate culturally over the last two years. This board is full of nothing but complaints, threats and problems. They concern distributor issues, product recalls, cutting commissions, management incompetence, product quality, no products being shipped and a general malaise about the state of the newly formed Zimmer Biomet. I am sure all are valid issues and need to be discussed. It is also understood that an Internet blog usually isn't a forum for praise, but surely it can also be a vehicle to express and solve problems.

So what is wrong? Many separate problems can be addressed, discussed and hopefully solved. However, it appears that the leadership...and by that I mean senior and middle corporate management, field managers, distributors and each and every person wherever they are in the organization are not addressing serious issues and enacting change. Everyone has an interest and a responsibility for letting things get out of control. Surely Senior Management can see these problems, but what do they do to instill a positive culture? Distributors live with field and rep problems, but do you encourage and support your reps and office personnel to achieve greatness? And all other employees, in the corporate office or in the field...do you present a positive attitude that presents the company in the best light.

It appears this negative culture has been the "standard" for many years and the merger 2 years ago apparently hasn't had any effect on changing this attitude. What a shame that such a major business event, the merger of two great companies, couldn't have become the catalyst to establish a singular, great company. You are not only the largest in orthopedics but should be the example of business success.

These comments are made with the understanding that solving difficult problems is easy. But there are plenty of people from the top to the bottom who do have the authority, the responsibility and the motivation to examine what is wrong and make any necessary changes to the culture, products, organization, etc. to be the company you deserve to be.

ZB produces and sells great products...but you are not behaving like a great company.
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anonymous said:
First of all I am not employed by ZB, but am a significant share holder. From this blog, talking with ZB employees, reading analyst reports, etc. I have watched both Zimmer and Biomet disinigrate culturally over the last two years. This board is full of nothing but complaints, threats and problems. They concern distributor issues, product recalls, cutting commissions, management incompetence, product quality, no products being shipped and a general malaise about the state of the newly formed Zimmer Biomet. I am sure all are valid issues and need to be discussed. It is also understood that an Internet blog usually isn't a forum for praise, but surely it can also be a vehicle to express and solve problems.

So what is wrong? Many separate problems can be addressed, discussed and hopefully solved. However, it appears that the leadership...and by that I mean senior and middle corporate management, field managers, distributors and each and every person wherever they are in the organization are not addressing serious issues and enacting change. Everyone has an interest and a responsibility for letting things get out of control. Surely Senior Management can see these problems, but what do they do to instill a positive culture? Distributors live with field and rep problems, but do you encourage and support your reps and office personnel to achieve greatness? And all other employees, in the corporate office or in the field...do you present a positive attitude that presents the company in the best light.

It appears this negative culture has been the "standard" for many years and the merger 2 years ago apparently hasn't had any effect on changing this attitude. What a shame that such a major business event, the merger of two great companies, couldn't have become the catalyst to establish a singular, great company. You are not only the largest in orthopedics but should be the example of business success.

These comments are made with the understanding that solving difficult problems is easy. But there are plenty of people from the top to the bottom who do have the authority, the responsibility and the motivation to examine what is wrong and make any necessary changes to the culture, products, organization, etc. to be the company you deserve to be.

ZB produces and sells great products...but you are not behaving like a great company.
Click to expand...
 



As a sales rep and corporate employee (emeritus), I have witnessed the deterioration of a once great culture. IMHO, the disease began with David Dvorak's leadership. From that point forward, the sales team and corporate teams were on different paths. Under Dvorak, the sales side was paid on sales and sales growth. However, the upper management side was paid on earnings. David's bonus was "non-negotiable". Everything was on the chopping block in order to assure meeting the earnings number. Projects were cut and delayed, inventory was not released to the field, personnel were laid off. Without the products in the pipeline, the sales teams were hobbled in their sales efforts. No product = No sales. This started a death spiral of both sales and morale.

I was hoping for a change after the merge. I was hoping the the Dane Miller culture would be drawn into the demoralized Zimmer culture. At the end of the year, Dane would equitably distribute profits among all employees regardless of rank. If the company did well, all would receive healthy bonuses. If they did poorly, all would receive little or no bonus; including Dane Miller and senior management. That created a great morale model. "We all live or die together as a team".

Unfortunately this culture was never absorbed into the Zimmer culture. As long as there is a disconnect between how Management is paid relative to how Distributors and Sales Reps are paid, they will remain a sinking ship into the morass of discontent. They have so much incredible wasted potential.
 



B and now ZB recruit young kids straight out of high school with no real science education or science degree who don't know right from wrong FDA-wise. They then get them addicted to the money, and they get them into debt. Once they learn right from wrong they can't speak up because they're in debt over their head and need the job/money. That's the B and now ZB culture.
 



anonymous said:
As a sales rep and corporate employee (emeritus), I have witnessed the deterioration of a once great culture. IMHO, the disease began with David Dvorak's leadership. From that point forward, the sales team and corporate teams were on different paths. Under Dvorak, the sales side was paid on sales and sales growth. However, the upper management side was paid on earnings. David's bonus was "non-negotiable". Everything was on the chopping block in order to assure meeting the earnings number. Projects were cut and delayed, inventory was not released to the field, personnel were laid off. Without the products in the pipeline, the sales teams were hobbled in their sales efforts. No product = No sales. This started a death spiral of both sales and morale.

I was hoping for a change after the merge. I was hoping the the Dane Miller culture would be drawn into the demoralized Zimmer culture. At the end of the year, Dane would equitably distribute profits among all employees regardless of rank. If the company did well, all would receive healthy bonuses. If they did poorly, all would receive little or no bonus; including Dane Miller and senior management. That created a great morale model. "We all live or die together as a team".

Unfortunately this culture was never absorbed into the Zimmer culture. As long as there is a disconnect between how Management is paid relative to how Distributors and Sales Reps are paid, they will remain a sinking ship into the morass of discontent. They have so much incredible wasted potential.
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Great post and dead on....leadership that cares about nothing more than personal enrichment is destroying this once top-tier company and squandering a (former) best-in-class sales force. Where is the board???
 



anonymous said:
Great post and dead on....leadership that cares about nothing more than personal enrichment is destroying this once top-tier company and squandering a (former) best-in-class sales force. Where is the board???
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All board cares about is stock price. They don’t care about anything else, the books could be cooked and they wouldn’t care. Al they want is share price up so they can get Max buyout
 









anonymous said:
Great post and dead on....leadership that cares about nothing more than personal enrichment is destroying this once top-tier company and squandering a (former) best-in-class sales force. Where is the board???
Click to expand...
Board “oversight” is a myth—at least at this company. By the way, you do realize the old Chairman retired (mandatory age limit), right? And I’m sure you know who was magically appointed as the new Chairman? That’s right...no chance of the board doing anything but continuing to facilitate this same circle-jerk.
 



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