It was announced today that he is transitioning out of Stryker and handing over to his successor in January. Geoff just sold his house in Minnetonka.
Maybe we got lucky and Kevin Lobo is taking over as Medtronic CEO and actually getting us out of the sh!tter?
$MDT stock gained a whopping 14% ROI over the last 10 years. This fact alone is justification for new leadership.
@z2 Ah, I had no idea how they hire. Thanks for the info.
This company would be lucky to have him he’s got better things to do than fix this dumpster fire. File for chap 11 you piece of sh-t company
Well I hope that doesn't come to Medtronic
@nw When you hire based on a Gallup personality test you get a certain type. Read up on the test.
@k2 Curious - how is Stryker’s culture cultish?
Medtronic has a cultish culture as well
@ee I worked at Stryker and it was great. I never saw any layoffs, and there is still no RTO, or plans to have it. Kevin Lobo is against it unless it would become absolutely necessary. I've been in the room when he has been asked the question to his face.
Downside is of course the weird, cultish culture.
Well I hope his creative and out of the box solution isn’t outsourcing more of our jobs
Stryker has a unique culture due to its Gallup personality testing. The end result is like a well coached sports team. I worked for Stryker as a an outside council and really enjoyed it. My boss at the firm was the former captain of his Div. 1 college baseball team and fit right in. Kind of a monoculture and it would not have been an ideal fit for me as an employee. Neither was Medtronic really but I made it work. I was too creative and outside the box.
Exactly. He’ll just come up with a different flavor of working more with less while maximizing profits.
Retiring hmmmmm ? I pray he'll be pro "VERP" ....
Lobo is remaining on Stryker’s board, and is basically retiring.
Who cares? All the suits are the same.
That would be unlikely but fingers crossed