What's up at Bridgewater?

There are still good folks working at the company. Just because some of the chiefs were a little greedy and tried their best to destroy the company, doesn't mean that most who worked there agreed with that philosophy. From what I gather, there are various reasons for those folks staying behind. Not finding comparable paying positions in the right location is probably the biggest, basically stuck. Someone even mentioned that it's a huge learning experience. That's a poor reason, get a job at a bank in the workout group. And like the current recent crop of managers, get offered a boatload of money and options to clean up the joint. However, cleaning up the irregularities of the place is different from strategically increasing sales to dig out of a huge debt hole.

 

I agree its kind of unfair to lump all the employees at Valeant to the actions of prior managment.

 

Upper management might have been replaced but middle management is still the same.

 

Managers here are robots, never really questions what they're ask to do, whether it's ethical or not. They simply don't want to be fired nor look bad for being incompetent, even though most are. Regardless, all really bad decisions were made by the CEO.

 

Papa's gonna run this thing to the grounds like he did with Perrigo. And then golden parachute outta here.

 

The people that are still left had there chance to leave. By staying, there resumes' have been destroyed and they are pretty much unhireable. Who wants to hire someone with such terrible habits from working at valeant?

 

Nah, we'll be fine. There are people out there who had worked for Arthur Anderson, Enron, Tyco, Countrywide, etc. It's not the end of the world.

 

Word from one of the higher ups is that the Bridge water office will be relocated in the next year to a southern state. NJ has become too expensive and they are looking for more tax savings. It's also hard to attract top talent in one of the worst parts of the country.

 

Don't they have a long term lease on the building? Why would Joe leave the tri-state area, doesn't he live here as well.

While NJ does have high corp taxes, the prudent thing to do is work down the lease and move near the end of the lease term. Did they get rid of the Madison building or some of the redundant buildings from all those acquisitions yet? If they leave it up to Pearson's brother-in-law, nothing will get done, since he's pretty useless.

There's plenty of talent around, since there are a lot of pharmas in the area. Why would anybody worth their salt want to work for a company that is always in the news about high debt and the possibility of bankruptcy, even though it's not likely. The current talent can be improved, but you have blind managers hiring the blind, since they're already insecure.

 

Completely false. Location has nothing to do with it. It's hard to attract top talent when you have one of the worst reputations as an employer.

 

They should probably cancel the lease, it'll help add to the debt and end this terrible company. I know some former workers have already taken Valeant off there resumes. The company destroys lives!!!

 

Ain't happening. We have about 7 years left on the lease, so I doubt we're moving anywhere. We're still getting some business credits for having folks work out of Jersey. The company is trying to prolong or save lives, as long as they can afford it or make the government pay since now we're a socialist country after 8 years with Obama.

Monsieur Pearson lost sight of the ball when he chased after Allergan, so instead of continuing with his vision, he missed some major steps (Captain Ahab comes to mind), since he got into bed with Ackman and then thought that they were invincible. His hubris haD severely hurt the company, but by no means, are we dead yet. He was probably also distracted going through his divorce and watching his fortune sink.

 

There are other companies that treat their employees poorly, i.e., Tesla has been in the news and Walmart takes advantage of its employees. So, Valeant is no different, and we make no bones about it. The grass is always greener on the other side. While there are some who liked what they found, after leaving, there's still a bunch of other quitters who found disasters in their new work environments.

If you don't like working here, then leave or stop complaining.

 

It's not that simple, son.

 

What's your reasoning then? Can't find comparable job or it's too cushy for you?

 

Not everyone lives in Bridgewater where pharma jobs are all around. Many work at locations where there aren't many jobs like what they have. It's a choice. Sure you could move, but sometimes there are reasons to stay put where you are and deal with it.

 

Amen brother.

 

Then you're a pathetic loser, son. Who chooses toxicity?

 

Someone who wants to put food on the table for their family maybe?

 

I guess if your ok putting food with rat droppings on the table, then go for it. The pathetic underachieving employees deserve to go down with the ship. Goodbye Valeant!!!