Consensus to oust clueless Witty

http://www.fool.com/investing/general/2015/03/25/is-it-time-for-glaxosmithkline-plc-to-change-manag.aspx

 

Pressure mounting to oust Witty

 

Everyone employed at GSK should read the above article from Motley Fool. We are struggling and need a life line from somewhere soon.

 

You are having a wet dream! Why in the world would the ouster of AW change your immediate situation? It won't! The new US leadership is you only hope and unfortunately JB is just a proxy for the failed DC Patient First debacle!

 

That relatively flat line chart of the share price since Witty took over, compared with the rest of the sector is actually much worse than it looks. GSK has been buying back billions of dollars worth of shares each year to boost the price per share

 

Correct - the buybacks and fat dividend are keeping the share price treading water. And at current levels of sales, the sustainability of the dividend is questionable. If that gets cut, watch out!

 

Confirms Witty's leadership has failed he is incompetent and clueless. Must be walked out for his failure in leadership.

 

Also the increase in Pension Liabilities seems worrisome -- grew £1b larger in 2014, as per Annual Report -- as yet another drain on free cash flows (beyond dividends and share buybacks) that limits ability to reinvest in the company's core operations and its human capital.

 

List of buffoonery and clueless:
1. China Scandal....I did not know...paid $500Mil
2. Selling of oncology high margin business
3. Advair debacle
4. OIG settlements of $3 Bil
5. Zero growth strategy
6. Surrounded by sycophants and kiss asses
7. Poor engagement with this direct reports
8. Lack of interpersonal skills, contrite arrogant and yes clueless
9. Poor insights and competence to manage at the helm.

Fit to be a dishwasher and not a CEO of GSK.
Lets be real any one of these disaster ought to have resulted in his termination.