wow, Forbes messed this up or they only contacted people getting options: https://finance.yahoo.com/news/zimmer-biomet-named-top-workplace-213000244.html?.tsrc=applewf Too funny!
Who knew that the revenue model at Forbes is to accept PR pieces from Corporate Communications Directors and post them to their mag as if it is "news"...
They must be smoking crack! NO WAY DO THEY DESERVE THIS DISTINCTION! Better check the company credentials that did the survey. Maybe their pockets are lined with some bribery money.
Can now no longer believe anything written in Forbes as this is one of the most unsatisfying and unhappy companies to work for in the US. How much did ZBH pay or how did they plant their interviewees? Criminal
Just go to https://www.glassdoor.com/Reviews/index.htm and compare ZB to its competitors and industry peers. Bottom feeder
When it comes to surveys, bear in mind the fear factor of executive management seeing results and the potential unmasking employees. The retribution from giving honest feedback may be costly. I agree that ZBH is a depressing place to work, especially with the culture of fear and intimidation, which is diametrically opposed to the old Biomet culture.
worked here since Bristol Meyer days and it has never, ever been close to this bad. Early retirement cannot come soon enough. Too few that have any experience and any type of creativity. Embarrassing. Company zigged while logic said zag, it turns out logic was right. Best of luck to those of you who stay because you will need all the luck you can get, especially when the big lawsuits start rolling in with this financial shell game that is being played out (not too many moves left to play now)
Diminished sales volume across the country. For every one territory that gained there are least 10 that have lost and this is a very gracious/courteous estimate. The pricing on everything has dropped. Can't sell if you don't have product. Total expense of trying to get everything "re-validated". Etc Etc Etc Could list easily 50 reasons. Now you give me at least 3 reasons why you think it is not true. Crickets
Yea....not really cooking the books more of propping up sales with acquisition and international growth, while doing a decent job of getting buy in on the stock with his answers to Wall Street in the quarterly calls. Culture still is awful, turnover is steady, and it's only a matter of time before it catches up with us.
Not a true cooking of the books The other shoe will drop, once the options are excercised Would be interesting to see when these options from the merge are 100% vested and how quickly they are exercised then look at how the stock will drop and the truth of real numbers and previously unrealized debts rear their head when they all cash in and walk clean
What's the timeframe you think? I gave it 3 months about 6 months ago and nothing's changed. Seems to be the new status quo of major mergers with no real fallout.
Don't know what he/she might sue for but I think it was implied that stock will drop once options are exercised and then the non-GAAP/grey-GAAP accounting will get seen for what it is. That's when all the firms from last November come in again on this imminent correction. Proabably more since there is already blood in the water. Seem right to some degree?
this past quarterly call it was implied that we would be in the position to go on the offense in the market within Q3. This will be the show me quarter......
Morons. We have ZERO credibility with our surgeons due to the supply disruption. It's going to take months to restore what DD et al have destroyed.
Business will be fine. There will definetly be big changes coming to sales soon enough though. The excuses were set in place and things played out exactly as planned to get rid of the dead weight that has overcome sales. Trimming more then fat here.
Trim anymore and it will just be college new hires. The overall skill set and experience has dropped markedly in last 18 months. We used to be the most experienced and "go to" team in most markets, now we are approaching the bottom of the pack on that. This brings about credibility issues that are already maxed out due to this inventory debacle. This is going to be an interesting experiment.
