Non Core Assets

[anonymous]

So the CEO stated at the JP Morgan Healthcare Conference this month that Bioventus will be selling off “non core assets.” OK people, let’s play a game. Which assets go first?! I’ll start with Exogen or wound care division.

 

[anonymous]

Rehab division or at least certain products in that division. Never understood why they bought those products in the first place…definitely not a fit with overall organization. A shame though because I’ve met some folks that came from Bioness and they are strong sales reps.

 

[anonymous]

Agree on Bioness. Should stay with the sportsmed focus since Cartheal is a primary part of the future. Should sell all non sportsmed products while they have any value still. Current guy running the spine business (AH) is going to crap all over it and it will soon be worth nothing. Like watching a car crash in slow motion. The board is completely out of touch as to what is happening at the management level.

 

[anonymous]

The only coreasset we have is our DEI team. Sell everything else and auction off the remaining unicorns and leprechauns to the NC zoo.

 

[anonymous]

Yamamoto is gone. Off to burn through cash and help crater another company. Epically bad hire on so many levels and the original non core asset.

 

[anonymous]

The only coreasset we have is our DEI team. Sell everything else and auction off the remaining unicorns and leprechauns to the NC zoo.

Maybe you should look at what money is being spent on by employees. Expense reports anyone!

 

[anonymous]

Yamamoto is gone. Off to burn through cash and help crater another company. Epically bad hire on so many levels and the original non core asset.

was a fraud from beginning. Tried to hide him in the organization when things got bad but clearly he got sniffed out. Damage was already done.

 

[anonymous]

Maybe you should look at what money is being spent on by employees. Expense reports anyone!

example?

 

[anonymous]

example?

Check out corporate folks who “host business meals”
$1.99 a share. Are you kidding me.

 

[anonymous]

Check out corporate folks who “host business meals”
$1.99 a share. Are you kidding me.

For sure. So let’s play a new game. Who is the biggest offender of the “business meals” scheme? Which division games it the best?

 

[anonymous]

For sure. So let’s play a new game. Who is the biggest offender of the “business meals” scheme? Which division games it the best?

should we go division or person? This will be fun. You go first, then I’ll go.

 

[anonymous]

I'll be honest, as a rep I don't expense many meals even for offices. Occasional starbucks runs before morning appts etc, reasonable dinner for myself when I do overnights. Same goes for our team as far as I know. Are you talking about big office staff meals? Or home office people doing this?

 

[anonymous]

Home office. As a share holder it is a bit concerning when I hear of business trips and lavish meals, both business and personal, being expensed and approved while to stock price continues to plummet.
If Leadership doesn’t do anything about it then the Board of Directors certainly will.

 

[anonymous]

Home office. As a share holder it is a bit concerning when I hear of business trips and lavish meals, both business and personal, being expensed and approved while to stock price continues to plummet.
If Leadership doesn’t do anything about it then the Board of Directors certainly will.

There is NO leadership. That’s the problem!

 

[anonymous]

There is NO leadership. That’s the problem!

Bingo! That’s the problem…no leadership and no accountability. I’ve been out in the field and seen people from home office rack up ridiculous bar and meal tabs that had no direct connection to business. And don’t even get me started on what BV spends every year on P Club trip. I’m all about celebrating our top performers, but there is a point when you just begin to make the organization look foolish with the exorbitant spend.

 

[anonymous]

Board of directors. Are you listening. I’m sure you have a financial stake in all of this. Investigate this please.


Bill Hawkins III
Patrick Beyer
Phil Cowdy
Mary Kay Ladone
Michelle Heath
Guido Neels
Guy Nohra
Ken Reali
Susan Stalnacker
Marty Sutter

 

[anonymous]

Bingo! That’s the problem…no leadership and no accountability. I’ve been out in the field and seen people from home office rack up ridiculous bar and meal tabs that had no direct connection to business. And don’t even get me started on what BV spends every year on P Club trip. I’m all about celebrating our top performers, but there is a point when you just begin to make the organization look foolish with the exorbitant spend.

Company ONLY exists to fuel the fragile egos of the weak senior managers and to enrich their wallets. Not a joke. They run the business like a personal career springboard without any regard for successfully building a company that the shareholders expect from them. Most have no career success outside of our company so they build plans to pay themselves way more than they'd make anywhere else and do nothing for it. Put people around themselves for protection and pay them well for loyalty and silence. And then a few times a year go on company paid P Club trips (Hawaii last year) to pat themselves on the back for being Industry Titans. This place has been a mess for years and will continue to wither with this team in place. Shareholders and Board need to have a corporate intervention and exorcism or accept the inevitable. IF anyone knows of any good jobs, please post here so we can all get out!