Where is Merit headed?

Fred said in a call this week he will be gone in the next 5 years. will be changes regardless.

 

https://www.reuters.com/business/healthcare-pharmaceuticals/exclusive-us-medical-device-maker-merit-explores-sale-sources-2022-03-09/

 

There is a PR burden as well for any company that wants to steer clear of racism and sexism. What does one do with a barrel full of nepotism?

 

https://www.radiologybusiness.com/topics/healthcare-management/healthcare-economics/radiology-merit-medical-sale-35b-price

whats the latest on this

 

Joe and his Cook boys should continue what they are doing! It will continue to help Merit down the path of the most toxic, dictatorial working environment. But wait...that's Fred.

Need to continue carrying out all of Fred's ideas. He even has R&D and Business Development reporting into a person who ticks the boxes (but has no idea what she is doing). Check into her background...it's interesting.

Lost a great person in Todd.

People complain, but Merit continues to chug along despite its toxic environment and lawsuits. I wonder if anyone ever check into what products its knowingly sells off label...hmm

 

You hire incompetent people to check the box who will not care about nepotism as they are also part of the "clan". Yes gets you everywhere in Merit.

Incompetent medical affairs who cannot even complete a study. Excuse COVID.

Cook boys who should continue to be in charge...to pave the way for continued culture of incompetence and toxicity

 

Buyer would need to be bulletproof regarding the legacy of racism, sexism, and religious discrimination.

They better get a steep discount like cheap-ass-Freddy did when he busted the kneecaps of every broken start-up that had to turn itself out for his discount bailout during hard times. Karma.

 

Cook boys.

Rich, Adam, Brandon, and the marketing lady. We are all pulling for you. Do us a favor and stop talking about Zilver and what you did 100 years ago. Do you see what you’re doing? Self aware?

Joe, wake up before it’s too late.

 

I love the Cook boys’ Aladdin style vests they wear to all the company gatherings. So sophisticated.

 

Oh no. Not the Aladdin vests. That's gonna hurt.

 

The untrustworthiness of the leadership, the corporate kool-aid and the unreliability of the product manufacturing will yield in a sell off to a Chinese conglomerate in the coming months. Get your resume ready everyone…

 

Why would the Chinese want this dud?

 

There is no succession plan. Joe is holding the wheel for Fred and will never be CEO. The company will either be sold or we will have to bring in an outsider.

 

For the life of me, I cannot understand why people like you stay here (assuming you are still here) and don't push off to greener fields.

 

Because complaining about my 300K a year total comp when it should be 400K in all seriousness.

Side note!!!

The CCO is a finance guy and is notorious for slashing comp so be ready for it ladies and gents, boys and girls!

 

The spaghetti is flying!

 

This is very true. He has a reputation for abrupt commission cuts in his international markets. I know, I worked for him.

 

Well isn’t this wonderful news! Maybe I can be transferred to the new IR division making it about my tenth in five years. I hear IR pays the best.

 

so 3-4 years left. when is fred stepping down and passing along the baby?