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<p>[QUOTE="Anonymous, post: 3940533"]The bottom line is that Miles is an excellent corporate politician. His interests are about himself. He survived the debacle heaped upon the company from his management gaffe while over ADD with the consent decree, emerged as the winner to the CEO position, has improved the compensation of his position by more than 10X since becoming CEO, yet has not delivered on the following...</p><p>- productivity of internal R&D yet we continue to invest billions each year. Growth has come through acquisitions, which always carries a more higher pricetag.</p><p>- real shareholder value in the terms of stock splits.</p><p><br /></p><p>At the end of the day, he has created a culture of higher level managers that are more focused on personal wealth than delivering results for the organization. (A focus on personal wealth is fine, but not at the expense of the benefit of the organization. There should be a balance.) He is a self absorbed manager and a piss poor leader. What the company has become is an organization that is a leadership blackhole. The divisional heads don't even recognize what leadership is any more. They think its the person that talks the most, generates the most powerpoint churn, the passive aggressive person that creates an oppressive environment with a ton of duplicity. Its damn sad....[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 3940533"]The bottom line is that Miles is an excellent corporate politician. His interests are about himself. He survived the debacle heaped upon the company from his management gaffe while over ADD with the consent decree, emerged as the winner to the CEO position, has improved the compensation of his position by more than 10X since becoming CEO, yet has not delivered on the following... - productivity of internal R&D yet we continue to invest billions each year. Growth has come through acquisitions, which always carries a more higher pricetag. - real shareholder value in the terms of stock splits. At the end of the day, he has created a culture of higher level managers that are more focused on personal wealth than delivering results for the organization. (A focus on personal wealth is fine, but not at the expense of the benefit of the organization. There should be a balance.) He is a self absorbed manager and a piss poor leader. What the company has become is an organization that is a leadership blackhole. The divisional heads don't even recognize what leadership is any more. They think its the person that talks the most, generates the most powerpoint churn, the passive aggressive person that creates an oppressive environment with a ton of duplicity. Its damn sad....[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Abbott
>
Top 10 Pharma CEO's Pay for 2010
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Abbott
>
Top 10 Pharma CEO's Pay for 2010
>