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Abbott Laboratories Message Board

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  • infotech300 infotech300 Jan 27, 2011 12:32 PM Flag

    Wall Street is telling the BoD: REMOVE MILES WHITE. ASAP.

    Ask your "Citi" friend. This stock is being sold due to one reason: no confidence in management. Read the cc transcript I alluded to. These analysts, to a man ( and one woman ), clearly gave White's responses very little merit. Indeed, one chap actually used a rather mocking tone. You cannot have a lightning rod such as this in the executive suite. It serves neither employees nor shareholders.

    It is a question of confidence, competence, and the quality of executive management. It really is as simple as that. Ditto for J&J, for that matter - although J&J has the luxury of having the venerable "Buffett Backstop," which Abbott will never enjoy, limiting its downside.

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    • INfotech, if you will read my post correctly regarding CITI, you will see that I never posted that I have "CITI" friends. I posted that I personally know people at Citi, and don't recall informing you or anyone else that they are "friends."
      But getting back to the core of your post, I can't ask individuals anything when I don't trust them. The people I know who work at Citi cheated are as dumb as dirt. In fact, one of them paid money to have his papers written, because he was too lazy or competent to do it himself. He is now a Citi analyst. Would I ask him anything? NO.

      • 1 Reply to kteerga
      • I am not going to argue over semantic distinctions. Your friends, associates, dalliances, passing acquaintences -- regardless, Abbott has few friends in the investment community at present. Yesterday, they voted 20 million times; today, 17 million. Abbott is in need of an executive restructuring; never mind the rank and file.

        As an aside, why advertise one's ( ostensible ) net worth ? Are we, the vast audience in the ethernet, supposed to take you at your word regarding how much money you married ? Indeed, I may speak for the minds of many in that, no one cares anyway. One dollar or one million. It matters not a whit. Frankly, those of wealth never publicly disclose their worth.

        Abbott is in tough straits right now, and investors are communicating to the BoD that White is not the man to pilot this vessel.

    • wow, i have found someone who believes all the analysts and assumes they are qualified to do their job. i wasn't sure i would ever come across such a person.

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