There was a post about Spine, but it's no longer here.
8 replies (most recent on top)
@105 Memphis office has been rumored to be closed next year for the last ten years. Don't hold your breath. Spine also has insane profit margins and is very reliant on a sales force, so a spinoff wouldn't fit with the reasons for spinning off Diabetes (low margins, different sales channels than the rest of the business).
Yeah, I agree. CST is making a ton of money. However, Medtronic doesn't need design site in Memphis.
As long as CST is continue making $$, I’m not seeing Spine is going anywhere. Spine and Stealth navigation platform are so integrated without Spine, CST won’t exist.
Yeah, there were some name drops. I understand why the mods had to axed that thread. But how are we suppose to hold our leaders accountable? Our jobs, especially in this economy, are in the hands of these inept leaders.
Going through Spine portfolio in the past decade, you can see nothing innovative came from this group. The profit margins must be high for selling the same sc--ws, rods, and interbodies. But at some point, that cash cow will run dry.
I did hear rumors that Spine is being considered to be spun off. The office in Memphis, Tennessee is getting smaller and smaller.
This business can be easily fixed with a few competent decisions but instead they will pick the stupider route and divest and copy their competitors who also can’t make anything new. If this company was made up of logical people they would see this as an opportunity to gain back their number 1 spot while their competitors struggle but why would this company ever care about doing the right thing. This company would rather keep playing with their broken robot and cage
Haven’t seen the post in question, but the site has a few basic rules against excessive swearing, trolling, and stuff like that, and the mods regularly scrub posts that cross the line. Could’ve been something along those lines. Another possibility is that someone named names, which isn’t allowed either. C-suite execs are fair game since they’re public figures, but naming people lower down the food chain will probably get your post nuked.
Made up a bunch of fraudsters justifying their existence. Everyone and their mother in law is making sc--ws and rods, nothing innovative and a commodity. Financials are completely inflated, someone in marketing said they double dipped their report out on revenue by including revenue from other business units to justify their “growth”. No wonder Bret Wall was let go allowing this scam to continue, axe and financial audits will be coming down more on this business unit. It’s no wonder they are next in line of getting divested. Elliot management here is your opportunity to provide “investor value” divesting this bloated organization.