Shire 'looking' at Salix

You're so awesome and stock option rich.
We are so envious and jealous that we have no interest in buying your company (or working with you for that matter).
Have a nice day!

 

Please at least get your facts straight before you spout off... Salix does not give their reps stock options - they are restricted stock grants that vest every year- and the entire salesforce receives it as a new hire bonus and each year as part of the appraisal process. No it's not options, and no it's not a set $ amount. Some companies still value their reps and have a built in retention system- sound familiar?

 

How is that "built in retention system" working? Not really good I will tell you that. I work at Salix and in my 15 years in the industry I have never seen so much turnover. Sad when not even the stock keeps you around.

 

Much of the turnover at Salix has been Santarus reps who don't like the fact that they now have to work a full day and are held accountable. They don't have much stock, so it probably doesn't factor into a decision to leave. They just hung on until they could find another job, and their departure was a good thing. Beyond that, turnover is probably still a bit higher than industry average. For the record, I've been here a while and have been perfectly happy with the company.

 

save your drama for your mama
post this on the salix board
we're not interested

 

Your crazy turnover has been horrible since before Santarus- only has gotten worse with them.

 

Thank you Steve Biggs for this info.

 

Now that this idiot management team has announced a plan it looks likely that they will be sold off. I wonder if we want them now especially since it looks more and more likely that the IBS approval for Xifaxan isn't going to be approved anytime soon...

http://finance.yahoo.com/news/salix-fix-inventory-pile-end-122533591.html

 

Guys, we're buying Salix. We're sending a due diligence team over there after the holidays.

 

Of course. No urgency here and FO needs his rest.

 

What a stupid name for a company, Shire? Are you a hobbit? Bawhahahaha!!!

 

What a stupid post. What are you a wanna be comedian?

 

Are you Bilbo?

 

There has been a big push from investors wanting Salix sold. What is your source about shire sending people over to Salix

 

No, Frodo!

 

Salix CEO "retired" (aka "resigned") today. Getting rid of that inept management team and having that audit completed makes us more likely to purchase them IMO.

 

I heard today that Salix has been approached by us, Actavis, Gilead and takeda. They have retained an outside firm to help them evaluated the situation. I wonder who is going to get them? Imo they have almost too many producs and whatever company gets them will than need to divest some of them.

 

Same here. Care to expand on your source

 

They have stated publicly they are reviewing strategic options and retained Centerview Partners as advisors. This is a great chance for Shire to overpay in desperation for another company.

 

Salix would be a nice fit. The have some nice drugs with long patents left.