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  • tolly56 tolly56 Mar 8, 2000 7:34 PM Flag

    meeting with miles

    i'll be attending a meeting with eveyones favorite, mw. does anyone have intelligent questions that they would like me to ask him?

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    • Im still trying to get info on the new seditive drug that Ross is selling in the hospital called Dix or Dex something. Is this a blockbuster.

    • idiot an intelligent question---or any question for that matter?

    • What are his price per share targets for 2000 and 2001? Under what circumstances would he consider a friendly takeover offer? An unfriendly takeover offer?

    • Thanks for the offer. I have four for
      him:

      1. How has the torpedoed ALZA takeover affected his
      R&D strategy and plans for its future prototype -
      does he plan to incrementally modify the prototype
      that his predecessor had in place in the
      Pharmaceutical Division? (I liked the Barron's article and his
      emphasis on compounds that will evolve into drugs with a
      $300M-$500M revenue stream - avoiding the corresponding risks
      in pursuing "blockbusters".)

      2. Can he please
      direct the CFO Coughlin to start reporting business
      segment return on capital? In the crazy market we are now
      in where nothing "fundamental" seems to be of
      temporal value, this may not necessarily generate a
      negative response - in fact, it would probably be seen as
      a favorable gesture in contrast to the
      condescending posture of his predecessor.

      3) Can he
      specifically address his return on capital philosophy as it
      relates to his deployment/investment strategy in his
      Shareholder Letter - again, hopefully without the topical &
      condescending tone of his predecessor?

      4) Is it possible
      for ABT to formally switch to EVA without seriously
      disrupting the current deployment strategy and/or management
      reporting system - which might have to be formally revamped
      to accomodate its parameters.

      Thanks again,
      Best to Longs...

      • 2 Replies to econvalue7
      • Wisper talk has it that ABT is having serious discussions with Boston Scientific regarding merger. Will he confirm or deny discussions?

      • 1) Does ABT still keep 2 sets of books in each
        division, with fake numbers being passed from the plants to
        the divisions, then from the divisions to
        Corporate?
        2) Does ABT still hold back inventory at the end of
        each quarter in order to manipulate sales? Oh wait,
        that was when health care reform was a threat,
        sorry.
        2) Does ABT still have a 85% turnover rate in their
        finance department? After all, those poor analysts have
        to come up with numbers for each update before the
        current period is over. Crunch crunch crunch! After all,
        gotta be the first to put out that earnings report,
        never mind the slave labor and fake numbers!
        3) Does
        ABT still have an abysmally low rate of women in
        senior management? Oh yeah, once they put a woman as a
        direct report to a division president in order to look
        good for the glass ceiling report. She had no direct
        reports and a fake title.
        4) Is Abbott still a
        hierarchical, white male run, good ole boy, sleep with your
        secretary and make her your wife type of
        company?

        Thanks!

    • Here's two: In the event that ADD is unable to
      finish the necessary validation work on all the assays
      which are off the market does he have backup plans to
      triage the assays which are the greatest money makers?
      What are the timelines for completing the necessary
      validation work on all the off-market assays to comply with
      the consent decree and is the division meeting the
      milestones required by the FDA?

    • with regards to flex-time, family friendliness, a
      desire to have a balanced home/work life, flex benefits,
      etc. I was not referring specifically to affirmative
      action. I agree that nobody should have special attention
      at the expense of anyone else. However, when a
      company has minorities and women fleeing in droves, let
      alone a difficult time hiring them, it should be
      questioned as to why. I have talked to these people, and it
      is intimidating to see an all white, male senior
      management team that coddles their own. I certainly do NOT
      believe that a lesser minority or woman should be given
      special attention to a brighter or equal white male. I
      abhor the thought of reverse special treatment. But,
      one must call attention to why women and minorities
      do not thrive there, and do not want to work there.

    • I would have to agree with your points. There is
      a lot to be desired in the work environment
      there.

      I am so glad I left to go to the hi-tech sector,
      much happier now. Now if my ABT stock would only go
      up!

    • It is time for America to "grow up" to the fact
      that white males (I'm one) continue to discriminate
      and are still reluctantly allowing women and
      minorities a fair shake. It's time we stopped whining
      because our egos are bruised by women and minorities who
      have proved they can do the job just as well as we
      can. I think Abbott has done a fairly good job
      regarding opportunity for women, perhaps less so for
      minorities, but there is lots of room for more improvement.

    • I practically came to tears reading this
      diatribe. When minorities and women can be as easily fired
      as white males; then I will be on your side. Over
      half the Abbott sales force were not white males, and
      the biggest complainers and whiners were the women.I
      am sure Alpha Gore could use your talents.

    • Your epistle is dead wrong. Most white males do
      indeed want to treat EVERYONE evenly. As an ex
      superviser when I found a competent monority, I was
      overjoyed and helped them along as best I could. The
      problem with affirmative action is although it meets the
      usual liberal qualification of being well intentioned
      it just doesn't cut it. It leads to quotas which in
      turn leads to UNqualified minorities getting positions
      which (1) leaves them feeling dumb and (2) the white
      males feeling resentful. The best way to handle this
      situation is to give deserving disadvantaged minorities,
      primarily blacks, extra education benefits and let them
      take things from there with NO affirmative action. Why
      do I say primarily blacks? All the other groups,
      hispanic, Irish, Polish, etc. came here on their own and
      need to fight to establish themselves on their own
      merits, the blacks, for the most part did not have this
      option and they are "one down". Give them an education
      break, and then, damn it, let's let everyone participate
      in the rat race on their own.

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