Who would trust their heart with BSX past performance? I wouldn't and neither should other baby boomer retiree's.
Boston Scientific is undergoing a major restructuring and management shakeup, and plans to reduce its work force by as much as 10%, or up to 1,300 jobs.
Also last month, federal prosecutors filed misdemeanor criminal charges against a Boston Scientific subsidiary for failing to alert the government of problems with heart devices that were recalled in 2005.
The company had agreed in November to pay $296 million to settle those charges and pleaded guilty. The incident involved devices produced by Guidant Corp., which was acquired by Boston Scientific in 2006.