TOM FINN WC/PG

[Anonymous]

Well what few reps from PG that hung on at WC were let go today as the Conf call came and all WC reps let go. I can not help to think what idiot decided to sell off PG Pharma only to get rid of some top notch people. Tom Finn knows nothing about running a business. PG would be better off to fire his Ass and any other person who sold this idea to Bob McDonald.

 

[Anonymous]

...says the person who has never run a company or has the slightest clue that such decisions are made well above Finn's level. Not saying the divestiture was a good business deal -- P&G misses the profit, but the pharma business model is alien to a soap company. It was a matter of time. AG stated in HBR that "not selling pharma earlier" was his biggest regret. MDVIP is next

 

[Anonymous]

Whatever. Tom stood up in front of the organization and said "we sold to Warner Chilcott because they want the capability and talent of the people not just the assets". That was a line of crap. That very same day Warner was making plans on layoffs that were going to be done "wave by wave" until all the P&Ger's were gone. He knew what was going to happen because P&G actually reserved for the packages in the deal. This gave Warner incentive to lay off P&Ger's and hire fewer lower paid employees with no pain. Game over. There was a loop hole and they took it. Great role model for the PVP and straight talk right? I don't think so. It would have been more honest to just sell the assets and let the people go with dignity instead of at the hands of the WC sleaze bags.

Or they could have actually been strategic instead of just talking about it. First start by right sizing the organization and cutting 25% of the sales and marketing teams and quit coddling people and putting up with inept sales leadership. Then they could have milked the brands for a few years, pumped up profit, and sold for $8 billion like Warner. They would have had 4 more years of high profit when they actually needed it and then a windfall at the end.

 

[Anonymous]

Whatever. Tom stood up in front of the organization and said "we sold to Warner Chilcott because they want the capability and talent of the people not just the assets". That was a line of crap. That very same day Warner was making plans on layoffs that were going to be done "wave by wave" until all the P&Ger's were gone. He knew what was going to happen because P&G actually reserved for the packages in the deal. This gave Warner incentive to lay off P&Ger's and hire fewer lower paid employees with no pain. Game over. There was a loop hole and they took it. Great role model for the PVP and straight talk right? I don't think so. It would have been more honest to just sell the assets and let the people go with dignity instead of at the hands of the WC sleaze bags.

Or they could have actually been strategic instead of just talking about it. First start by right sizing the organization and cutting 25% of the sales and marketing teams and quit coddling people and putting up with inept sales leadership. Then they could have milked the brands for a few years, pumped up profit, and sold for $8 billion like Warner. They would have had 4 more years of high profit when they actually needed it and then a windfall at the end.

 

[Anonymous]

All good things come to an end. WC is gone and facing legal problems. I agree Tom Finn, what a loser.