Mark your calendars - January 23, 2013

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Insider Transactions Reported - Last Two Years
Date Insider Shares Type Transaction Value*
Nov 1, 2012 WHITE MILES D
Officer 513,312 Direct Option Exercise at $47.10 - $59.03 per share. N/A
Nov 1, 2012 WHITE MILES D
Officer 17,157 Direct Sale at $65.78 - $65.88 per share. $1,129,0002
Nov 1, 2012 WHITE MILES D
Officer 122,431 Direct Sale at $65.59 - $65.77 per share. $8,041,0002
Nov 1, 2012 WHITE MILES D
Officer 373,724 Direct Sale at $65.50 - $65.58 per share. $24,494,0002

Woof! Miles, getting ready to retire? HMMMMMMMMMMMMM?

Abbott Laboratories (ABT) is planning to sell $14.7 billion of bonds in the largest dollar-denominated offering in more than three years as the drug and medical-device maker prepares to split in two.

Miles and Rick are getting ready to stuff their pockets! After the split, they are both going to retire after a few months. Watch their golden parachutes!

Let's find a foster family in India for Miles.

I'm sure we could find European or Indian CEO and such for a tenth of the price as Miles. Let's offshore everything and really save money and benefit the stockholders.

How come Miles never gets laid off?

Ah, to be sure, to be sure, the fellas will do a little jig and go cap in hand to the EU for more bail-out funds.

any from the park, n chicago

I did not hear of anyone in Abbott Park or North Chicago, though Molecular in Des Planes was hit (around 100). I did hear there also were layoffs in Ireland, and the top brass in Ireland were not at all happy. I guess they are not used to it yet.

any from the park, n chicago

I wonder if any of the people that got laid off today had degress?

Take a look at the Abbott Job Opennings (the few that there are today). ANYTHING above Grade 3 require a college degree! HELLO!

Ric, let me get this straight. You have been with the company how many years? And as you moved up the ladder, nobody ever said "you are interested in this position? Let's see....oh, great! You have a BS and a Masters. You got the job!" Didn't you question that back then?

What a joke. If I "Misstated" my credentials on my resume or application, I would be fired IMMEDIATELY because I don't belong to the good ole boys club.

Hey Rick! You can buy degrees online now. Check it out!

ADD Management must have alot of "mis-statements" on their credentials because this is one screwed up division.

When you lie about something, it is not a lie. It is a "mis-statement".

If you want to get a masters degree, don't you have to have a BS first? Don't you have to prove you have this BS degree before starting the Masters program? How does someone get into a masters degree program without a BS? Did they BS about the BS? Rick, any comment?

Nothing until next year.

Not a conference room to be had on the 10th!

October 10th?

Sooner when Romney gets elected. Green light for major culls in US industry.

No layoffs until 2013

Heard 60 Sligo. Overhired. 125 Lake County in Jan if not sooner. Management pushing people to find new jobs outside ADD LC manufacturing ASAP.

Just Sligo ..... Longord no issues

What does 29 mean?

Sligo. maybe longford too

which site ? how is it confirmed ?

29 redundancies at ADD Ireland today. confirmed.

A lot of old timers have retired this year, including me. Just not the same company I hired on with many years ago. Something in the wind, don't feel comfortable about the split. Remember the memo "both companies will evaluate benifits after the split", I think I will take what I have earned now, see ya.

No layoffs in ADD in the near future – current workforce can’t keep up with demand because of the last round of layoffs

Notice how they always have layoffs right before earnings are announced? Miles still gets his millions in stock options every quarter for hitting his #'s since he hits his "milestones"!

I received a call when I was on vacation asking me if I had been laid off. The recruiter said Abbott laid off a lot of the PGD sales reps? Do not know if it is true or not?

We still have to provide bonuses to the executives and also there are some pretty special trips that must be taken (e.g. President's Clubs), so it would only be appropriate to dust a bunch of the pawns so those at the top levels can maintain on track.

How will the massive fine imposed on Abbott impinge on the ADD business? Make it more likely for job cuts and disposals?

Submitted by Anonymous on Thu, 03/05/2012 - 15:55.
Just came back from CMEF2012, the largest medical trading show in Asia. Abbott ADD was totally out of Asian market. All they did in the show was to have some young grils with miniskirt holding Abbott's logo running around the halls. Shame on you Abbott ADD.

Hey! ADD Upper Management! Way to go! "young grils with miniskirt holding Abbott's logo" That's the way to push diagnostics! Did you learn that strategy in college? Oh well, I guess upper management doesn't care since they will move along soon like Ed Michaels. This was a perfect opportunity to showcase ADD's diagnostics. Where were all of you; at a party (know what I mean; hint hint, nudge nudge, say no more?)?

Just came back from CMEF2012, the largest medical trading show in Asia. Abbott ADD was totally out of Asian market. All they did in the show was to have some young grils with miniskirt holding Abbott's logo running around the halls. Shame on you Abbott ADD.

Yes, end of June. Expect 10%.

Anyone hear how the Shareholder meeting went today?

So the cost of layoffs gets transferred from the Corporation to the pension plan...sweet, if you're Miles.

I will be first in line – when is it going to happen?

Don't sign up until your have spoken with an actuary.

new rumor circulating around ap-8b. abbott will offer employees of retirement age 5 and 5. You can retire and they will add 5 years to your age and 5 years to your years of service but no severance package. where do I sign up

Submitted by Anonymous on Tue, 27/03/2012 - 22:21.
abt split 2 for 1 in june. abt (abbvie) phramacutical spin off in october.

I don't know about the ABT split (2 for 1) but I hear that ABT shareholders will receive 2 shares of Abbvie for every share of ABT when the company splits. May be just a rumor. Good luck everyone.

Quote from below: "Focusing on the customer will bring higher profits."

The Pfizer approach is to make higher profits by squeezing the employees harder and harder. And what can employees do about that? Nothing at all. It's like free money pouring into the pockets of executives and shareholders!!!

abt split 2 for 1 in june. abt (abbvie) phramacutical spin off in october.

Abbott Laboratories Chinese Infant Formula Violates China National Standards, According to Tests

MORE LAYOFFS COMING SOON

Splitting stock does not automatically make you richer. Splitting a $100 share into two, will give you two shares for $50 a piece. Splitiing stock is more "smoke and mirror" type tools companies use to simulate higher profits. Focusing on the customer will bring higher profits.

Cool...2 for 1 split, then split the pharma off. I am going to be a reach beach.

ADD for sure.

200+ from which division – can’t be ADD