too many chiefs, not enough indians

Old Joey just doesn't quite get it. He keeps, adding, buffering, building, piling on and making the oppressive top heavy overhead even more heavy and oppressive. Hell, even Timo Jackle is back. We either need new blood or less blood, not the same old blood from 15 years ago that got us into the shitty place we're in now. Joseph, dude, listen buddy, "Less is More." You free up benefits, salaries, wages, retirement, and golden parachutes for the executive levels (think "ABSORPTION") and you would have 10s of millions of dollars available to pay down debt and invest in the future that doesn't have to be rolled up into your Std. Costs and you could do more with less margin. This is basic math man.
Dear Colleagues:

I am pleased to announce that Art Shannon has joined Valeant as Senior Vice President, Head of Investor Relations & Communications, reporting to Paul Herendeen, Executive Vice President and Chief Financial Officer.

Art has more than 20 years’ experience in investor relations, most recently with Perrigo Inc. as Vice President-Global Corporate Affairs and European Investor Relations. Art spent nearly eleven years with Perrigo, focused on implementing a global investor relations program, as well as creating and implementing government relations and community relations programs. He began his career as Senior Director-Investor Relations with Houston-based power company Dynegy, then worked at Thomson Financial, where he was Vice President, Investor Relations Energy/Utility Division. Art received the Top IR Professional Award from IR Magazine/Barron’s in 2012.

Art’s direct reports include Lainie Keller (external communications), Frank Centore (internal communications), Kristy Marks (product communications) and Elif McDonald (investor relations).

With Art joining the organization, Scott Hirsch, Senior Vice President-Business Strategy, who had been heading up the investor relations function on an interim basis since last August, will shift his attention fully to other key projects, including the development of a five-year corporate strategic plan. My sincere thanks to Scott for his commitment and effort over the past ten months.



I am delighted to have Art on our team. Please join me in welcoming him to Valeant.



Regards,



Joe

 

Lady, that's the American way. He surrounds himself with old incompetent cronies, fills their wallets with options, raids the treasury chest of millions, while the company is in debt for billions. MP did this too.

Come to think of it, our political system is the blueprint for building too much ineffectual government with incompetent politicians. And with Trump leading the pack, issuing idiotic mandates, vrx is just a microcosm of Washington.

 

This is very true with Valeant - all chiefs and no Indians. I have never worked for a company that was so management heavy.

 

Plenty of Indians in IT. :-D

 

And who is your fearless IT leader? JJ knows next to nothing about how to run IT, another reason for the company's eventual downfall.

 

Don't worry about JJ. Papa is going top fire him. He is just waiting for a good time to use him as the reason something else went wrong.

 

Is Joe going to purge all lieutenants of the old regime including HR, Tax and Treasury?

 

MP saw IT as just an expense which is why he was OK with a clown like JJ. Even if Papa valued better IT, he's got more important problems to solve.

 

Pulling the trigger on these people is the easy part. Finding good people to come to Valeant without overpaying is the trick.

 

Absolutely right. If you're a top talent, you're not going to want to work at Valeant.

 

So, we're stuck with the same bonehead automatons who helped drove us from 268 down to ~13, because we can't find talent. Why can't Joe and Paul bring in their own cronies into those positions and pay them oodles of money like they have been doing for other SVP's?

 

We need a top level HR executive and a top level CIO. Clear out the old guard that was there under that filthy fat fuck MP.

 

Jerry is still here. He's not going anywhere. Too important.

 

That's a sad statement regarding the condition of Valeant. JJ is mediocre at best.