The Spine Blogger is not that far off when he says that so many of our legacy companies have lost their innovation, out-of the box thinking, and moral compass. Even the smaller companies have started to behave that way. Why is that? Could it be that publicly traded companies no longer have people running companies? I know that sounds ridiculous to our readers, but, what happens when you are more concerned with your own personal portfolio and compensation than you are about the present and future of your organization? Non-sense cries out some CEO! Medtronic sounds very much like Stryker when you talk, listen and read what their employees say. You know, drink the kool-aid and remember if any analysts come into the booth just direct them over to PR.
It seems that "Buffalo Bill" has everyones knickers in a spit. Having laid off 1,800 it seems that the Board has taken care of "BB" for nothing more than a mediocre performance, at least by Medtronic standards. The funny thing is that the blood sucking analysts believe all the non-sense that Mr. Bill feeds them. Yes, there has been an exodus of many talented distributors from the organization, some reluctantly, some bought out, and some because they just got tired of working for a publicly held company.
Remember, what I said in a previous blog, once the darling of the industry, today they are the angry child. So who's betting that "Buffalo Bill" will be riding off into the sunset in the near future? Remember when he was quoted as saying that he is looking for innovate leaders, maybe he was talking about replacing himself? The Spine Blogger wants to know what its readers think?