No go with AMGN

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anonymous said:
Not for much longer. The days of big bonuses will be long gone as soon as the acquisition/ integration is complete. Our bases are comparable to plenty of other rare disease sales forces.
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Lets see if this acquisition goes through first...definitely not 100% chance. And the bonus structure isn't going to change immediately.
 






anonymous said:
Lets see if this acquisition goes through first...definitely not 100% chance. And the bonus structure isn't going to change immediately.
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It’s pretty damn close to 100%, and the bonus structure will likely change Jan 1. integration is continuing so it’s not like the clock stopped. It may be have the same structure, but the budget will change and thus the total dollars that people are able to earn will change. Amgen isn’t going to give us enough money to pay anywhere near an average of $40k a quarter which is what it was for Q1 for the GBU according to what Randy has said on 2 different calls. There will be enough budget to pay an average of $16k a quarter. Clearly Tim knew that Amgen would want to lower it since he felt the need to have it put in the scheme agreement that target bonus was guaranteed for a year.
 


anonymous said:
It’s pretty damn close to 100%, and the bonus structure will likely change Jan 1. integration is continuing so it’s not like the clock stopped. It may be have the same structure, but the budget will change and thus the total dollars that people are able to earn will change. Amgen isn’t going to give us enough money to pay anywhere near an average of $40k a quarter which is what it was for Q1 for the GBU according to what Randy has said on 2 different calls. There will be enough budget to pay an average of $16k a quarter. Clearly Tim knew that Amgen would want to lower it since he felt the need to have it put in the scheme agreement that target bonus was guaranteed for a year.
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Its definitely not anywhere near 100% certain. And very likely (although not official yet) no changes to our bonus structure in 2024. Facts.
 








anonymous said:
Its definitely not anywhere near 100% certain. And very likely (although not official yet) no changes to our bonus structure in 2024. Facts.
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Again, it may have the same structure in terms of how the pay is calculated, but it definitely will not have the sand dollar amounts. Goals will be set so that the average payout is $16k. They’ve already announced the beginnings of the changes of the reporting structure to Amgen in finance.
 


anonymous said:
Again, it may have the same structure in terms of how the pay is calculated, but it definitely will not have the sand dollar amounts. Goals will be set so that the average payout is $16k. They’ve already announced the beginnings of the changes of the reporting structure to Amgen in finance.
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16k a quarter in pharma is still really good. Not 30k+ a quarter good like we have now. But 16k a quarter is over double what they are making at Amgen now. 64k a year in bonus is higher than 90% or more of pharma companies. Also your salary is probably higher than 90% or more of sales reps in this industry.

Will things change- of course. Will it be less money- of course. Are you still way over what most people make in this industry- yes. Jump to a start up and take a risk with RSU's that most of the time end up being worthless- but you won't make the 180k+ bases and you certainly won't make 16k a quarter at a cash strap startup.

And for the previous posters- FACTS. haha
 




We need a definitive yeah or nay on Amgen deal ASAP! Everyone is either interviewing with other companies or doing the bare minimum of work to get by. Motivation is at an all time low and we need management to provide truthful updates. Living/working in the "Twilight Zone" is not mentally or physically healthy! SOS!!!
 


anonymous said:
We need a definitive yeah or nay on Amgen deal ASAP! Everyone is either interviewing with other companies or doing the bare minimum of work to get by. Motivation is at an all time low and we need management to provide truthful updates. Living/working in the "Twilight Zone" is not mentally or physically healthy! SOS!!!
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What division are you in? Sales or internal? Because I would say in the GBU your statement is way off.
 


anonymous said:
We need a definitive yeah or nay on Amgen deal ASAP! Everyone is either interviewing with other companies or doing the bare minimum of work to get by. Motivation is at an all time low and we need management to provide truthful updates. Living/working in the "Twilight Zone" is not mentally or physically healthy! SOS!!!
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Hi. I’m a Level 4 from Treasury. Thank you for sharing your thoughts. They have been noted. I’d also like to compliment you on your use of CafePharma to demand answers. I have screenshot your post and will email Bob, Peter, Murdo, Dave, and Kave, posthaste. They need to know that inaction is inexcusable. In the interim, please email your grievances to FTC.gov subject “I Speak in Hyperbole Like a Child.” Let them know that you need an answer now, as “everyone is either interviewing with other companies or doing the bare minimum of work to get by.”
 


anonymous said:
Hi. I’m a Level 4 from Treasury. Thank you for sharing your thoughts. They have been noted. I’d also like to compliment you on your use of CafePharma to demand answers. I have screenshot your post and will email Bob, Peter, Murdo, Dave, and Kave, posthaste. They need to know that inaction is inexcusable. In the interim, please email your grievances to FTC.gov subject “I Speak in Hyperbole Like a Child.” Let them know that you need an answer now, as “everyone is either interviewing with other companies or doing the bare minimum of work to get by.”
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this is SouthernBoi so STFU!
 













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