Wednesday, February 8, 2012

Happy Trails To You......

On February 6th, 2012 in a formal press release, Orthofix International's President and CEO Darth Vater, you don't mind if I call you Darth, announced that the company had made significant progress in resolving several legal matters with the Big Bad U.S. Government, aka the Boogie Man, you know the people that protect your helpless asses when the terrorists come to get you. These matters (nice word) aka alleged crimes included;
  • Reaching an agreement in principle to resolve the U.S. Government Investigation of Blackstone Medical Inc., or is it STINK.  The stench will follow the Fixx for an eternity.
  • Reaching an agreement in principle with the DOJ to settle violations of the Foreign Corruption Act Oh Mexico, it sounds so simple I just got to go
  • Finalizing definitive agreements to resolve criminal and civil matters related to the Bone Growth Stimulator, BZZZ zap BZZZ Neon
Seems like "The Fixx" is a little lighter in the pocketbook, like around $80 million in total give or take a few shekels.  Oh we know, they will acknowledge that this was a win for them, but then again pissing money into the wind seems to be the way to go.  Hey Darth, if you're treating your ex- comrades in arms to some bonus money how'z 'bout sending TSB some cash or taking care of the little people in McKinney?  The bigger question is will this change things, and will the mighty DOJ and FBI press on and file criminal charges against the Three Amigos, Lucky Day, Dusty Bottoms, and Ned Nederlander?  Relating to the first question, this isn't going to change a damn thing until some people are picking up garbage along the 5 in their Orange County Jump Suits, as for the FBI, well TSB just doesn't believe that they will press on even though there is a Las Vegas long shot that something might materialize.  Hey Amigo's just imagine what it would be like when you're on the receiving end, "come on squeal  like  a piggy........., now that would be a real payback."

As for the final settlement, it is only fitting that the DOJ and US Government press on.  Get every penny that you can, squeeze their asses so hard that the BOD at the Fixx will feel it between their ears.  As TSB predicted many years ago, arrogance does have a price and karma does eventually catch up to you, no matter how fast you run.  Obviously those at "The Fixx" will tell everyone that this was a win-win, but in reality it was a lose-lose.  The only saving grace is that no one's ass was thrown in jail.  Hey who knows, maybe the DOJ and FBI will squeeze the man with the fake mustache if they continue pursuit? Anyway as for those that had faith in the system, a win is a win regardless what those corporatistas say, and as the winner rides off into the sunset a fitting tribute is deserving for one of our own, who endured, who was ridiculed, who was called many names, but in the end, sometimes just sometimes JUSTICE PREVAILS even if it isn't perfect and has some blemishes.

May you never ever think of the Spine industry, ever again,  may your days be filled champagne dreams and caviar wishes, and as you ride off into the sunset, remember what  Roy and Dale would sing;

Happy Trails to you, until we meet again, Happy trails to you keep smiling until then
Who cares about the spine industry when we're together, Just singing our song Orthofix is under the weather,  Happy Trails to you until we meet again.

Some traits are happy ones and others are blue
It's the way you ride the trail that counts, Here's a happy one for you.
You're outta here.................................................................

As for all those that rode the Blackstone Gravy train and thought that their lives were going to be filled with easy living, you lose and she wins and as TSB stated in a previous post...."sometimes it takes a woman with balls to show a man how things need to get done."



51 comments:

  1. New settlement but really old topic. Miss the original MM.

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  2. News is news no matter how you cut it

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  3. I hear they cut their reps commissions by as much as 40% to help pay the fine. Nice!!I wonder if management took a cut as well?

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    1. Orthofix has distributors not reps and all companies will be looking at lower commissions with sales prices falling everywhere. Ask the Depuy/synthes guys how it works.
      The news about the settlements is great for OFIX going forward. They have diligently put money aside to pay for the mistakes made by them and their predecessors. This will allow for needed spending going forward.

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    2. Ask Dupuy Synthes guys what? 12.5% sounds good to me

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    3. It won't be long before they are 8% though...

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    4. She has balls on her pot bellied pig but no information until Sendro stepped in!!

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  4. They pay there distributors a lowly %20 , distributors have to deal with the whirlwind of new management every year, no new products, bad press, seems like a place I want to be!!!!!!!

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    1. not an employee...not a distributor...not a competitor. not an industry cheerleader. completely disagree with this assessment. Ive seen their products and met their leadership. I even have seen their comp plan for distributors. suggest that folks check things out for themselves on this one. they are moving in the right direction.

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  5. Orthofix Phoenix perc screws: any good?

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  6. Phoenix is truly a great system. Fewer steps, easy rod passing, and the best reduction capability of any perc system on market. Not to mention it also has the smallest profile towers of any system on the market.

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  7. That must be coming from McKinney Texas

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  8. So how much did the whistle blowers walk away with?

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    1. 3 million to one of them

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  9. A decent chunk of change

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  10. Millions even after taxes, Firebird LMAO must be Robin Young attempting to pump up his OFIX stock he wouldn't know a Firebird from a Songbird.

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  11. Saw several refeences above to "The Fixx",, they certainly were one of the best bands of the 80's. Of course, fitting perfectly into this blog could be "Red Skies", "Stand or Fall", "Saved by Zero", "One Thing Leads to Another", or "Are We Ourselves".

    TSB, I'm truly disappointed that you couldn't find a way to tie in any of these songs.

    Oh well, there's always the next post.

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  12. McMillan gone, that warrants a whole new thread... Stryker rudderless?

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  13. 10:31 Funny! So Funny. To bad your not a spine company and nobody uses your gear. Great job of reading the technique guide, I mean repeating the company line. I would bet you haven't done more that six levels with the system no one has ever heard of. I mean Phoenix. That would make a total of six cases. Laughable Keep the gel in your hair my friend and someone might pay attention to you one of these days. Glad your my competition!

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    1. Please enlighten me. Phoenix towers can reduce without going to the next level and is great for long constructs, 5+ Levels. I didnt know anyone still used Sextant other than a few old surgeons that need the equipment to operate for them. MDT has slowly lost business by holding on to older technology like sextant.

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  14. Phoenix? Isn't"t that a piece S*#t system that Al Lorddumbo and Matt Lyons launched, it shall rise from their asses, oops orry TSB I meant ashes, $330 mill for that crap, Milanazo et al. ,......SUCKERS

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  15. Phoenix isn't a bad system, but to say it's reduction capabilities are the best on the market is ludicrous. You still have to go up a level to reduce, while there is a system that exists where you do not...

    Ready? Wait for it.... ah yes, Sextant. And all of your consultant surgeons cannot disagree

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  16. Phoenix sucks wasn't well thought out, taps are way to long, painful to insert a cap and takes forever, basic system that is small profile, avg or below avg rod inserters... Is McMillian gone? If so, a great guy but hard to steer a barge heading for a cliff... Man do they burn through folks..

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    1. I want to add to the above....tsb, the gov't isn't the boogie man...it's a Satanic evil presence that's sucks the life out of everything good and gives it back to everyone bad.... Kind of like a reserve robin hood on crack.... Take from the producers and redistribute to crack heads that suck the life force, positivity, and future from society(a.k.a- Liberals) America needs to take a massive dump in 2012...let's make it happen and put someone in office that can right the ship, if it isn't too late. Cheers,

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    2. "Man do they burn through folks.."

      You mean faster than Nuvasive? Oh wait...they always keep the upper tiers and churn through the middle mgmt, lower mgmt & reps like butter.

      This Terry Rich thing seems to be the exception & has me blown away. What's the story there anyway?

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  17. Anyone hear that Nuvasive AVP in the West has left? Heard the rumors, looks like another member of their management team is out the door.

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    1. Yes...Terry Rich has departed. In completely unrelated news, morale at Nuvasive is up 1000%.

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    2. To....?

      Please, please do not tell me Baxano was foolish enough to bring him on.

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  18. Finally the WSJ points the light in the right direction!!!

    http://online.wsj.com/article_email/SB10001424052970204319004577088712149447348-lMyQjAxMTAyMDAwOTEwNDkyWj.html?mod=wsj_share_email

    Every risk-management officer should have this as required reading to alert them about the 'savings' of these dirtbag PODS. Too bad it makes us all look bad. Once again the Left Coast f's the rest of the country. I say give CA back to another banana republic, Mexico.

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    1. Wouldn't be great if Cali just dropped off into the Ocean? It's like a beautiful home (the land) infested w/ roaches and rats. They have the highest % issues w illegals, hippies and liberal scum.(all sucking from the governments tit).....God forbid we (US) are ever nuked....but if so please let it be Cali or south Florida....US defecit spending would see a massive improvement overnight and the democrats would lose 40% of their base...Damn I hate liberals.

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    2. wow, you are really bitter. just curious, where do you live?

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    3. I live in the united Mexican states of America. Although if that piece of crap gets reelected in 2012 it might change to the socialists states of America, where do you live? Cali or south Florida?

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    4. Take your pick. It doesn't really matter. I just hope I live far from people like you. Cast your vote for Santorum (hahahaha), we both know who is going to win.

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  19. Only the successful CEO for the last 7 years.

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  20. Is he gone? Bryan?

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  21. Stephen P MacMillan. This board is increasingly populated by morons.

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    1. stated family reasons for stepping down, inside story says his wife made a big seen at a social event over his cheating ways and too many other corporate people were present for it to blow over.

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  22. 5:07 you're the moron, not everyone knows all the excutives at all the spine companies like you...(especially Ofix and other ankle bitters) too busy taking business from you back home...you probably have a poster with them all don't you? Do you close your eyes and envision them? You're a jerk off, literally.

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  23. 5:41, you just confirmed my earlier statement. Thank you.

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    1. This comment has been removed by a blog administrator.

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    2. TSB- please either remove adolescent posts like above, its embarrassing, or this blog will lose whatever decent posters it has left--- or require registration and login in order to eliminate this drivel.

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  24. @3:54 Where is T. Rich headed? What led to his departure?

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  25. Corporate Dildos!!!!

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  26. Zimmer Spine is making huge market share jumps!

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    1. Right. They must all be so busy taking business they had to cancel their NSM due to low attendance.

      Didn't they post a 22% decline in sales for 2011 over 2010?

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    2. By cutting the size of the sales force and the money they are able to make? A few of the bigger distributors are talking about walking away. Tired products with no innovation is not a winning formula. When will companies learn that hiring a guy who used to work at Stryker and had little to no success is not going to make you successful. So Many Stryker senior management retreads in this business, if they were good when there, they would still be there!

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  27. Who is Kyle Wilson from Orthofix?

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    1. New VP of sales on the ortho side of the business.

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  28. what's so bad about Terry Rich? Only worked with him a short time but seemed like a nice enough guy. wish him the best wherever he's headed to next.

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  29. Does anyone know of how many of the old Stim reps are being rolled over to the OIG ias part of their settlement ? Around here a lot of doctors offices are getting a lot of letters from the OIG looking back into how they did business

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