Share your thoughts & key takeaways from quarterly udate.
14 replies (most recent on top)
Happy and thankful that I got the opportunity to leave this company. Let me spill the tea: There is life and even a whole new flourishing world past MDT, whoop whoop!
On the positive side we’ll have a new CEO for the next Q1 Town Hall. We’re bleed out from endless paper cuts.
Make your own oxygen.
S&P 500 is up 25% over 1 year while MDT is down over 10% -- fire all senior leadership for this poor performance.
Sorry Geoff, but, I can't fly you to your alumni hockey game this year.
It was bad!! GM was underprepared, rambled and was uninspiring. Cundy did good, KP looked out of sorts. They should just play recorded videos next time around. The interaction with the employee was so boring..why couldn’t GM get past the dinner table conversation topic!! As if his head was just stuck on it. He needs to prep for these meetings..be clear on his talking points and key messages. Basics!
They're getting the results I would expect them to be getting by forgetting who their real customers are. If they focused back on the reason Medtronic exists in the first place the stock price would take care of itself.
You don't have a clue, Geoff so here's a hint: How about running your company along the lines of designing and manufacturing great, quality products sold at reasonable profits that are developed by employees paid a fair wage who can focus on the work without constant fears of being laid off or spun around in re-org he-l?
"business headwinds and unfavorable currency impact challenged our execution this quarter"
I wasn't actually at the Town Hall but they say that everytime.
Get ready for a year of "cost cutting" measures which will look good on paper but in reality will double our workload. They should rebrand to "Doing more BUSY work with less".
KP commented that Medtronic overspent in Q4 and it was noticed by investors. She also mentioned that after six decent quarters we are continuing to gain credibility with investors.
Excuse me while I go bang my head against a wall.
GM was surprised the stock price went down after earnings announcement - he should be well aware that the street has no confidence in him and MDT leadership....
They were grossly unprepared, especially GM. It was like “Tell me we’re not doing well without telling me we’re not doing well”.
We need to do more with less? GM seemed to throw shade at the commercial biz. Not selling enough of our "differentiating" technology.
GM was inarticulate and scattered. KP seemed pretty subdued. She even had difficulty “selling” the financial results.
Not comforted or inspired by this meeting.