Roche Diagnostics downward spiral

They used to be #1 in the US and the world in diagnostics, then their leaders left, the FDA moved in and total incompetence followed. They continue to lose good talent and have mediocre products. And again as they did two years ago, they cut their customer-facing departments, while continuing to be so top-heavy they keep falling over themselves.The most recent reduction of 200 has established Roche as probably the only $1billion organization that does not have a true customer service department, or leader. Instead of going from "good to great", they've gone from "great to desperate".

A very good take on the CC/IA

A very good take on the CC/IA market. Volumes give discounts vs time to results. Look at South Bend.

A twofer! SS continues to

A twofer! SS continues to drive value into the ground. Another new 52 week low under his stellar leadership. Nice going SS!

Slow? You have a weird

Slow? You have a weird perception of speed. CC is not in an acute world and cobas is beyond competitive and then when it comes to IA, 9 Min STAT, 18 min for almost the rest of the assay, and 27 for things like Folate (Which takes upwards of 73 minutes on other analyzers)

So the real question should be, what is my average time till my first result? If I have 50 wells to perform assays, that just means that I can have more assay running at one time and therefore in an hour. It doesn't make the assay get performed any faster. I hope that isn't your sales pitch.

And in-regards to growth, Roche grew above market in the world of CC/IA and you obviously have no concept of how long it takes to create a contract for $1M+ in equipment with a hospital. With the "beckman issues" some accounts were closed in a few months, but for most that is completely unrealistic. Also contracts are typically for 5 years and buying them out early costs a fortune. It isn't a difficult thing to understand, or at least it shouldn't be.

they were gaining share under

they were gaining share under AT... stupid germans...

They've got one of the

They've got one of the slowest (6000) chem/immuno analyzers around,and can't seem to get any market share. With the beckman troubles one would think they could grab some of that market share but it doesn't seem to matter. They have a good core (15% chem,9%immuno) of customers but the numbers haven't grown at all.
Something is going on as all the other customers are staying away.

Problem is the stock will

Problem is the stock will continue to drop and the options will be
"under water" like those issued the last 2-3 years.

look on the bright side, its

look on the bright side, its good to acheive a 52 week low just as new options are issued

Severin: Congrats! You have

Severin: Congrats! You have achieved a new 52 week low for the Roche Group Stock! Seems to me shareholder value is your metric. What value do you bring Severin?

Maybe in Russia. Completely

Maybe in Russia. Completely moot in the US.

I heard it through the

I heard it through the grapevine that Stago is about to end the contract with Roche by 2015, leaving Roche without real coagulation-business

Lemmings!

Lemmings!

Look at the bright side... At

Look at the bright side...
At least you will get a cool ear/eye piece.

We are the BORG! Must

We are the BORG! Must assimilate, Must assimilate!

How are the culture and

How are the culture and values meetings going?

Yeah mate, we all get screwed

Yeah mate, we all get screwed in a different manner.

Personally I love working at

Personally I love working at Roche. What other company gives you free condoms when travelling to Germany or Switzerland?

And they are not good at

And they are not good at either!

They do not appear to know

They do not appear to know there is a difference between leadership and management.

The only positive here is

The only positive here is hide, stay low, goof-off, and collect a paycheck.

It is the Roche way

It is the Roche way

It is called 'Peters'

It is called 'Peters' Principle'. A person rises to his level of incompetence.
A smart company spots this before promotion. A dumb company promotes way beyond. Which is why ass-holes run them.

Someone is disguntled because

Someone is disguntled because they got fired or can't get promoted.

Here is a sad but real thing about Roche. If you are good at what you do and work hard you get promoted. If you are good at the new job and work hard, you get promoted. If you are terrible at the next job and bring everyone else down, you aren't promoted or demoted, you just stay there. This isn't unique to Roche, it is a plauge among all industry. Not everyone is going to excel in every position. The hard part is what do you do with a person who isn't good at a new job that was a promotion. Ideally you would demote them or move them, but that isn't always an option.

We have all been in positions where we knew our bosses probably weren't qualified to be where they were, but this isn't the norm, it is the exception.

On a different note, this exact problem is possibly the only reason that some of you whiners will even get promotions.

Why the doom and gloom? I

Why the doom and gloom? I thought they just announced they were doubling Aviva production in Indy and adding 60 jobs. Sales are to non US countries but at least ops are up. BH really is a great leader, no doubt the ND degree is paying off.

smoochie...smoochie

smoochie...smoochie

With everyone fighting over

With everyone fighting over an "ever shrinking pie" not only have they taken their eyes off the ball, they have already lost the game

Actions intended to improve

Actions intended to improve morale are defeated at lower levels. For every step forward at a higher level, someone pushes two steps back at a lower level.

what this post is trying to

what this post is trying to say is that top management are the losers, not the rank and file employees who continue to work hard under the failed direction of the leadership. If the company was doing well (it's not), ie, stock rising, jobs and promotions being created, investments being made, it would be another matter. But the bad management continues to have everyone fighting over an "ever shrinking pie" which they are responsibile for growing.

The last comment seems to

The last comment seems to reinforce exactly what preceding one stated.

What a great country we live

What a great country we live in.
You are free to pursue other job opportunities.
If you are so miserable and so taken advantage of, why not gift another employer with your wonderful attitude and intelligence.
You are free to go and by the way, Roche won't miss you.
Losers concentrate on losing.
Winners find a way to win.

PS-Maybe you should join a union too. They sound like your kind of peeps!

No, the FDA routinely comes

No, the FDA routinely comes for audits. No big deal.

What is truly astonishing is just how disconnected senior management really is from what is actually going on in some departments. Roche put together a truly great benefits package for 2011. Insurance rates went down by very significant dollar amounts. Great place to work, right? Everyone should be really happy about this, right? Take it down a few managerial levels to individual departments and it's a scramble for the inept, insecure and mediocre supervisors to maintain their positions, keep their jobs and demonstrate their worth and save money by pissing on and screwing others over. On the surface it is all about "employee development". The reality is far different. The individual contributors and lower salary band are expendable. In my area there is no direction, no company goal, no long term objective unless one counts survival and damage control. And if you do not like it, hit the road. Tiresome hearing the "you should be grateful to have job and/or benefits" remarks. "Good luck finding another job in this economy" is another. Both comments are more true for some mid-career locals in management than non-exempt employees. It is wishful thinking that only exposes a deep seated fear of being found and exposed as incomptetents themselves.

No reason or invite required.

No reason or invite required. Just show up and start looking.

On site? For what reason

On site? For what reason now?

Directors tremble & a-holes

Directors tremble & a-holes quiver, the FDA is back

It's been a long strange trip

It's been a long strange trip since Curt Engelhorn handed out "thank you" bonuses!

I agree with the following

I agree with the following poster's factual account of the impact of the leadership at Roche. To sum it up "the fish stinks from the head down". SS needs to go! He has utterly destroyed value for the Roche group. Employees could see it coming for the past 2 years, and now the investment community sees it as well. Keep him at the helm at the peril of the Roche group.

Let's set the record straight on Roche:
Look back 5 years, Roche has had a negative return (I know because I used to invest in them). In addition, they have far under performed their EU and US pharma peer groups for that 5 year period.

The issues at Roche are clear:
* bad leadership; even reported on by large investment banks.
* Genentech acquisition: marginallty effective, high cost biopharma products. Losing oncology market share and government reimbursements world wide.
* Bad strategy; have not diversified beyond biopharma making them very exposed to health care reform, re-allocation of health care dollars, among just a few.

Even UBS, the swiss equivalent of Goldman Sachs has recommended a Sell for Roche stock and recommended more diversified pharma alternatives like Novartis. Put your money and/or put your career in the hands of Roche? Personal choice, but history and future projections would argue that there are much better choices.

The leadership did take the

The leadership did take the test and their information is being used too. It is not a retroactive tool, it is a new step in the hiring process.

When it comes to RDC in NA I am quite proud to work here. The leadership is approachable, competent, and motivated. You naysayers can throw all the slander you want around and come-up with some example where there was a shortcoming, but I work here, I see them, I appreciate what they do. I may be just some lowly employee on the totem pole, but I never feel as such. I'm proud to work here.

Roche Basel tries to put it

Roche Basel tries to put it best foot forward with employees, then stumbles over it with inept leadership especially in US. If anybody should be taking personality tests it is anyone overseeing any direct report personnel. Mediocrity was allowed to creep in and seeks to firmly ensconce itself.

Re: "Roche Basel does not

Re: "Roche Basel does not care about short term stock issues, never has and never will. Family controlled business who thinks long term. Its always been about long term...."

Let's set the record straight on Roche:
Look back 5 years, Roche has had a negative return (I know because I used to invest in them). In addition, they have far under performed their EU and US pharma peer groups for that 5 year period.

The issues at Roche are clear:
* bad leadership; even reported on by large investment banks.
* Genentech acquisition: marginallty effective, high cost biopharma products. Losing oncology market share and government reimbursements world wide.
* Bad strategy; have not diversified beyond biopharma making them very exposed to health care reform, re-allocation of health care dollars, among just a few.

Even UBS, the swiss equivalent of Goldman Sachs has recommended a Sell for Roche stock and recommended more diversified pharma alternatives like Novartis. Put your money and/or put your career in the hands of Roche? Personal choice, but history and future projections would argue that there are much better choices.

Just a few "minor" setbacks

Just a few "minor" setbacks

"All is well, ALL IS

"All is well, ALL IS WELL"
Chip Diller - Animal House

Roche Basel does not care

Roche Basel does not care about short term stock issues, never has and never will. Family controlled business who thinks long term. Its always been about long term. What roche has in the pipeline right now and debuting in 3-7 yrs is huge. It's a cycle with Roche.
Do your due diligence. Yes, there have been some hiccups but thats the process of doing business in the good old USA and the FDA with a cultural difference.

I disagree. Jack is probably

I disagree.
Jack is probably the best thing you guys have going for you now.
If you are a winner, he'll try to make it easier for to win.
If you are a loser(which many of you are due to poor hiring), you are at the wrong place.

The proverbial nail has been

The proverbial nail has been struck on the head- "Bozo" immediately comes to mind on seeing JP.

all you have to do is look at

all you have to do is look at the Roche Stock performance the last couple of years (-10% last year in a bull market), to understand that you have a bunch of "Bozo's" running this company. For all the visibly bad decisions folks are seeing locally (in Indy) and globally (out of Basel), negative investor return and decling investor confidence are validation of what folks having been saying about Roche for several years. Only change is that these same Bozos are comning up with even more painful schemes to try to turn the boat in the right direction.

If investors have no confidence in these leaders, why should employees?

Thanks for the motivation

Thanks for the motivation Chad!

Roche has best

Roche has best performers?????

whine, whine , whine, such

whine, whine , whine, such losers who continue to bash mgt at roche. Get your silly career going and do something about it then. You have so much knowledge on how others work you be a perfect fit, NOT. Go get other job, oh, wait, you can't. Entry level people leaving roche with a pay check and the best benefits in the industry would only be greeters at walmart.

OMG, i wish i knew who you whiners were, (all 5 of you) so i could slap. Also, i'd like to see what type of life you live outside of roche. It must be pretty pathetic life. I can see the image now, couch potato, beat up car, disgusting neighborhood, 5 kids, cats, dogs running around the house like wild banshees, eating TV dinners, and having bitch sessions all night long on how poorly Roche is run.

Or maybe its this, driving 50K cars, (on 30-40K salary) well extended on mortgage but most likely apt, cars, credit cards, etc thus the reason to continually put Roche down because you are the best performer at Roche.
GET A LIFE !!!

KK and MMc were hidden away

KK and MMc were hidden away as a "recruiting tool"

Are you kidding me? No

Are you kidding me? No cronyism, inept management, you must be working for a different company because it's rampant here! Same circus, different, and worse, clowns.

Is KK gone now?

Is KK gone now?

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