This is probably the most telling loss of the past 5+ years at Allergan. Think about this: 13 year Allergan veteran, rose up the ranks quickly, well respected from above and below. And boom, he's gone. You really can't overlook this loss. It's devastating.
The most telling loss was all the legacy AGN people that got canned and then the new Allergan started tanking! Talk about screwing up with talent! Holy Hell Saunders and the people he brought from all the other second tier pharma companies sure are good for shit!
He wanted to be a CEO. Yeah, so do I. That doesn't mean $hit. You don't spend 13 years somewhere, keep rising up and then bail just because you "want to be CEO". The guy isn't 60. He's got plenty of time to "be CEO". He saw the writing on the wall with this train wreck of an organization. The beat is hardly "going on". Save it.
This is partially true. At a certain age, these up and coming companies don't want you as a CEO. They aren't hiring 60+ year old first time CEOs...maybe a small ma & pop place with no growth and no market share, but if he wants to be cutting edge - he needs to get there. He was also a Sr. VP and that's as far as he was going at Allergan. He was no where close to being next in line if Meury was ever to leave. I don't disagree that he also wanted to jump ship, but he doesn't have as many years as you think to make a big move. Of course, he went to an R&D company and once their product hits stage 3 clinicals, a bigger pharma company is going to scoop them up and they won't need him as CEO anymore.
Would YOU want to be the next CEO of Allergan? I will let you answer that question on your own in private. I will draw my own conclusion. Smart man. Smarter move.
Obviously the answer to that question would be a YES from ANYONE. Like Allergan or not, the CEO is paid $36 million a year...work just one or two years in my current lifestyle and easily retire for life. So stupid question with a stupid innuendo. There is one thing that David Moatazedi and I have in common...neither of us have, had, or will have the opportunity to be CEO of Allergan.
Agree, he’s just one more in a long list of smart and good leaders that have left over the last 4 yrs. Take a look at the top tier talent we are now competing against at other toxin companies - can you say “Allergan built and bred...”! What a loss and bad signal of the “new Allergan.” Lot more to come as well i’m Sure.
Like this toxin isn't going to market--Ha. Just wait and see. He will have one hell of a track record over there.
Schmuck is correct, not to mention a deserter. No problem with him leaving as we can manage without him, but leaving for a direct competitor is low. But then again, you can count on that turd Robert Grant to hire deserters. Moatazedi chose to be Robert's bitch. Good riddance. At least Saunders is not a deserter. He's owning his mess and will probably be replaced if he can't fix things around here.
Best thing for AGN right now is for Saunders to vacate his CEO position. Tepper might suggest a shake up in management to restore investor confidence because right now, investors have zero faith that management has a solid plan to get this stock back up over $209 which is the price Actavis paid for AGN legacy!
