When is the next restructure?

You are my new hero, can I marry you?

 

If you don't want to the Feds to decimate your estate, you need to do an Expemption Trust which will give you a huge buffer, against any Estate Tax on your estate, even if it's well over 5.5 mil. See a good trust attorney and get it done. It will cost you a few thousand now, but it will be the insurance policy you need for your estate.

 

If you don't want to the Feds to decimate your estate, you need to do an Exemption Trust which will give you huge buffer, against any Estate Tax on your estate, even if it's well over 5.5 mil. See a good trust attorney and get it done. It will cost you a few thousand now, but it will be the insurance policy you need for your estate.

 

Januvia? Steglatro is keeping the lights on!

 

How well is Steglatro selling?

 

Yeah, you’re a financial mogul schlepping lunches for Merck. OK, I believe you. Hahahahaha!

 

Wrong. 52 years old with 30 years of service, rep until age 25, manager until age 30, hq middle management until 46 and exec director since. 2.8 in 401k and 5.2 in lump sum modeling. Took home 406k total in 2018 so certainly not a lunch schlepp as you say. What have you accomplished in your Mrk career? Let me guess, 20 years in and you still Januvia earning 130k per year, drive a lezbaru and get no stock.

My point was I am considering leaving as I'm worried the lump will no longer be offered, that's 5.2 million taxed as I draw from it. By the way, cc is entirely gone this October so go f yourself you insignificant field sales rep.

 

Selling? We are giving it away and no one is using it. Thats not true, two hcps have tried it in my territory.

 

Good for you. Always wondered what a director level pay was at Merck. I was laid off last round and was under the impression you cannot take the lump payment until you are 55, and and by doing so it is significantly less than if you wait until 65.

There were rumors before of a contract team coming in on another post. Originally after layoff, management said new CC was a 3-5 year plan. This fall marks 2 years.

 

Don't you have to wait until 55 to take the lump? And even then it is significantly less than if you take it at 65.

CC has only been in place for a little over a year. Management said 3-5 year plan after last layoff. What information do you have that October it is over? Who is going to promote then - contract?

 

I call BS! There is no way that a 401k maxed out including catch up would be worth more than 2 million. This guy is full of it. Dont believe a word that he says. Also the 5.2 number is 3-4 times what he would have avail after earning mid exec level salary for 30 years. He's probably a bent out of shape rep who just enjoys making up numbers. Get a life punk!

 

I call BS! There is no way that a 401k maxed out including catch up would be worth more than 2 million. This guy is full of it. Dont believe a word that he says. Also the 5.2 number is 3-4 times what he would have avail after earning mid exec level salary for 30 years. He's probably a bent out of shape rep who just enjoys making up numbers. Get a life punk!

 

If the aforementioned Ex. Dir. was real, he'd know the details & changes of the lump sum payout. He's not "modeling" $5.2 mil at 52.

 

Some 30 year mid level managers I know are 1.3 ish in the modeler.

I dont have the years and only good for 800k at end of 2019. I’m out!

 

reorg set for August

 

I sooo hope you are right. I hope they decide to cut managers more than reps. Managers are only needed to approve expense reports and that could be done by someone making $20,000 per year. They are just spies for corporate.

 

Right...reps are a dime a dozen, industry saturated with them after years of layoffs...

 

some CTLs will be cut. 10-15% cuts for reps. Territories that are not viable will be absorbed by surrounding territories. Territories will get slightly larger.

 

CTL’s do not generate money. Some reps do. More cuts on CTL’s needed.