What in the he-l does this “AND” and “5/8/10” company even mean?

So was trying to watch cringe train wreck quarterly review , it is almost like a car crash where you just can’t help but notice.

Anyway, looks like these two buzzwords are being thrown a lot now. What does those even mean?

Haven’t we been a public company for 50 years? It’s not like we are non profit and only care for patients. So why are we talking about being “AND” company now?

Same thing for 5/8/10 company , we haven’t grown at yearly 5% sales and 8% profits literally in like 7-8 years. Why the he-l are we focusing on these unachievable targets? Who comes up with this garbage? So when we fail achieving these targets, which there is a high chance we will, they will just do another layoffs to make up for the differences

Comment! It's anonymous!

7 replies (most recent on top)

Predicting 0% MIP again this fiscal year. Time to unionize!

Growing the bottom line faster than the top line means cutting costs (very likely more RIF). Medtronic ExComm has communicated very clearly what employees can expect in return for their hard work.

Shareholders can kiss my a$$ so can all corporations. Time to find a new way to raise capital. Corporations are the worst and I didn't start out thinking that way. I learned it first hand working in start ups that went corporate and big companies like Medtronic. Corporatism is a plague. This is from a former hardcore fiscal conservative.

They set these unachievable goals so that you can never get your target MIP.

Shareholders mean nothing

Instead of just focusing on the patients. We have to focus on patients AND shareholders.

Spineless exec SC loves talking about the power of "And" as he lays off all of Quality, doing the bidding of GM and KP

Thread regarding Medtronic Inc. layoffs

What in the he-l does this “AND” and “5/8/10” company even mean?

7 replies (most recent on top)

Post a reply