Thread regarding Medtronic Inc. layoffs

Coyle, Mackin, White, Bryan Hanson --- there were so many options with real operational experience. "Strategy" is not what's needed. What's Hopkins supposed to be doing?

I believe we would've done better with Bob White as CEO.

He took Mike Coyle's rightfully earned job. Not happy.

It's so biased for the people within the company to focus on the day to day negatives and less on the positives. But even from an equity perspective, you have to ask what's guiding Medtronic toward this direction. Here are some numbers of stock performance one year from today

$mdt: -26%
$jnj: -12.8%
$abt: -19.5%
$phg: -46.7%
$bsx: +9.75%

Not including GE because the spin off makes comparisons weird. So mdt isn't really do well compared to their peers so who's really benefitting from this management direction?

My thought is that this is Geoff's last year to execute. The board/shareholders are unhappy so they naturally play "accounting magic" with spin-offs (well needed in my opinion) and forecast optimistically for the next fiscal year because there is nothing left to lose. Geoff has to pull off some magic this year or he's done.

A CEO needs to be focused on where to make the company’s next dollar; not how to operationalize/improve its FCF. That’s the COO’s job. Now that MDT is axing everything and divesting things that help drive new and continued revenue; how can we say the CEO is performing well?

And because of this even though my manager says you performed well but still need to let you go.

The role of the leaders is to plan for the success of the company. It’s funny that the same leaders who have failed doing their jobs, are now put in charge to select who needs to leave the company!

A message to Medtronic Board of Directors:

Please send the Executive Leaders home because they caused this failure not the poor engineers, technicians and managers at the OU level. Each executive leader’s salary and benefit can save you hundreds of employees who have done their jobs correctly and now are going to be laid off.

Surgical is doing quite well. All it needs now is a handful of under performing legacy MDT exec's to come in and destroy a rising star BU. IMHO

The purpose of the inversion was never to acquire the Covidien products but only to acquire the Irish tax rate. The purchase never would have happened if Covidien was US based. Geoff got the CEO position as a thank you because he brokered the deal . He is not qualified to be a CEO .. he is in way over his head. It is sad to watch what is happening to this once great company.

Come on, be realistic. Supplies was never gonna stay at MDT. PMR is meh. Renal is absolutely tiny. They still have surgical, GI and especially NV. And the Irish address of course…..

Whats crazy is soon all that will be left of Covidien is surgical and pillcam. Sold off suppies, selling off renal, selling off vents and monitors. Oh and the Dublin PO Box. If this was such a great marriage why have we gotten rid of most of what we bought?

Who appointed this joker? He does no work and spends all his time with wasteful trips across across the world promoting his wokeness. Geoff has no clue how to run a company yet alone his personal finances. We need to get rid of Geoff and his kiss-a-s leaders that got to where they were because they kiss someone’s a-s and never by their own merit.

Geoff is a typical coward CEO.

We need a principled leader who will put political hysteria aside rather than bow to it. For example BLM bullying/hysteria.

Where are the real leaders who will stand up the the mob when they are wrong and actually show some leadership?