Why are Genzyme employees paid higher the Sanofi

Any thoughts???

 

Caliber.

 

Does that mean they can do a double delivery of Starbucks?

 

In Framingham, because almost all the Sanofi executives were let go and the combined career ladder was put in place by Genzyme executives.

 

They were a smaller company when acquired. Tenured at Genezyme make more but this will change. Same thing Aventis employees found out about synthelabo employees that were making more than them.
Genezyme paid to get top employees this too will be their demise as Sanofi (BW) begins dismantling the legacy employees and culture.

 

Because the rest of Sanofi could not discover and commercialize new products. Old Sanofi divisions ride the coattails of Genzyme and Regeneron which are the true gems.

 

Higher specialty products that cost more, which also means there are less people doing those jobs compared to diabetes/CV, vaccines etc. Larger territories that consist of several states for most.

Also, genzyme people are now paid on the lower side compared to competitors. Almost 15% of the Salesforce left for more money at other companies which included: 6 figure retention bonuses after 1 year, large stock options, and increase in salary AND bonus.

 

Almost 25% not 15%

 

Higher salary because You won’t make commission if your team is a bunch of slackers.

 

Aubagio MS drug was discoved by Sanofi research in Bridgewater - not Genzyme. But to help Genzyme reputation they gave credit to Genzyme. Go figure.

 

MS is higher specialty you dimwit. Genzyme still gets paid lower than other companies making 140-160 in salary for MS.

 

Let me know how reps making base salaries of 140 to 160 work out in 5 years:

Most states are broke
Medicare is running out of $$$
millennials do not want to pay high cost for drugs


Starbucks may be looking for your talent of delivering coffee to offices.

 

And let me add, vaccine reps are in the 70k base salary range about 40k below what GSK pays

 

Praluent reps selling a biologic to cardiologists are even in the 70k range with no chance of making Q3 bonus. Sad.

 

Praluent is way more challenging to sell and with paperwork that goes with it and working on a shoe string budget . Outnumbered, unrealistic quota and pitiful culture. Genzyme is night and day from the knuckle dragging executives at Sanofi. Total shitshow at Sanofi.

 

Generally speaking, Genzyme employees are paid more because they were a smaller biotech that had the flexibility to do so. Unfortunately, this frustrates many people since many of the Genzyme folks are of the left wing, entitled, lazy contingent, certainly not worth the pay they are receiving. This is especially true in rare disease. As Sanofi has spread its tentacles over the whole thing now, they’ve systematically been getting rid of these older, lazy people.

 

Some of this is true. Still leadership will kill this legacy brand as well

 

Oh so after all you wrote Starbucks will still be open for business! All these people will pay $6 for a coffee each day! Or any day. They have their choices mixed up. I guess that’s why so many are obese with diabetes. Let’s see how well the millennials will fair down the road.