New CEO to announce outcome of new restructuring plan in Jan Feb, what's he going to say?
"You will require more than one years salary to move from AE to Cambridge. Literally £250,000 will get you a small 2 bedroom flat. £500,000 will get you a small 3 bed semi with a box kitchen and no garden."
you can get a 3 bed semi within 5 miles of Addenbrookes according to Rightmove, for £250K
you can get a 3 bed semi within 5 miles of Addenbrookes according to Rightmove.
"You will require more than one years salary to move from AE to Cambridge. Literally £250,000 will get you a small 2 bedroom flat. £500,000 will get you a small 3 bed semi with a box kitchen and no garden.
You should take your 1 year salary and spend it on the lottery."
Sounds cheaper than Alderley Edge…..
Actually no we dont... You are too late. Damn.. :-/
Swavesey Village College has places, please enroll!,! ;-)
Look its lovely! :-)
Perfect! Theres a road to play on!
You will require more than one years salary to move from AE to Cambridge. Literally £250,000 will get you a small 2 bedroom flat. £500,000 will get you a small 3 bed semi with a box kitchen and no garden.
You should take your 1 year salary and spend it on the lottery.
is the one year's salary moving bonus not on offer for the move to Cambridge?
Don't know about schools, biggest issue for most are the hilarious house prices, and the equally hilarious "enhanced" relocation. Most people will take the severance and walk. I'm wondering if that's the plan or whether panic will set in by mid 2014 when they realize nobody's going to la-la land. Hey PS - not too late to do the "hard right thing" and stop this insanity. Save the company a billion dollars too. That or double the salaries on offer to give people a chance of actually not living in a shed in the middle of nowhere.
I hear there are no school places available in Cambridge. Am I wasting my time considering a move? Will AZ work with Council to increase number of available places?
Interesting topic for a blog. Search the Internet for fun, I was came across your website. Great post. Thanks a ton for sharing your knowledge! This is a great to see that some people put in effort to manage their website yet. I would certainly.
Well no one will be offered relocation unless your a senior manager career level F+ (so grab the relocation and what you can obtain in discussions with the HR business partners), serve your two years and jump ship, I'm sure that Mene etc will :o)
So how do you motivate those left in AP for the next 2-3 years, don't think that AZ is going to get much dazzling science from the ones they turn around and leave, not worth selling your soul for a bonus if you have no career.
Best wishes AZ, nice to know you, but hey in 3 years, I wont keep in touch.
Almost enough to pay for a plot of land outside the lmb was it?
Stratified medicine initiative. Big massive animal house.
Tax breaks. Bioincubator mark IV. You will have a blast off all those phds around cambridge.
Its a perfect fit that new building n all. Almost as if it were 'by design'.
Whats the pipeline like? Pretty good is it? Being conistently beaten to the punch is not something you should feel sorry about... its not your fault. Move your ass in this modern world and you will be fine. If you can live off the land then good luck to you. Just so happens theres a lot of poaching money around camb uni these days. Lost position to oxford did they.
The way the world works.
Look, thats the whack. Take it.
It aint no wonder drug wonderland. Far from it.
Top deal the mrc got for all your failed, canned phd projects though eh.
Bet that was a nice little earner.
Oh, and just in case you were thinking I had missed something.
'Northerners', or people pretending towards being northern, or those infected by 'North', are NOT welcome in oxford. So scratch that one off entirely.
Because cambridge is where its at.
Its either that or stevenage or slough.
Besides, from cambridge you can get anywhere using roads.
Up at AE you dont have roads, so you may not be familiar with some of the advantages.
By the way, cambridge is modern, and the modern trends are to try to use roads less. So it appears you may have missed out on a small yet significant stage in civilisation, where use of roads was/is free and widespread. This is no longer the case in modern places like cambridge because so many people migrate there to make use of the roads that there are too many 'road users'.
If migrating to stevenage and slough, you would be destined to give up all hopes and future plans of using roads, leading to nihilism, or you would flee to dorset or norwich, taking a detour as either an environmentalist, or plant scientist, before starting a small holding or farm as a means of survival.
Interestingly the small holding, or farm, is not exclusive from or an exception to any of the above, even staying at AE. It is just one of the few restricted endpoints you may arrive at through being a scientist.
Alternative routes are: retrain as a teacher, accountant, air hostess, personal trainer (descartes dualism manifest) hair dresser, property tycoon, or food nutritionalist. But be aware that willful regression of your own ambitions may cause you to trascend self, missing the point entirely, and assume a fate destined only for nihilism in its most cataclysmic form, as a way of inflicting an encumbrance worser than working of AZ.
The latter can be identified by one key symptom of finding ones-self considering moving to London. The 'London Gutterhouse Disorder'. A good therapeutic exercise to avoid this horrible disease is to use self analysis and meditation. Each morning (4:00am) before you shovel shit down the farm, use a mirror and say to yourself "in london, all we can afford is a gutterhouse". Repeat this until you feel content with the idea that shovelling shit is a more attractive endpoint than working for AZ.
Can someone please remind me why we're moving to Cambridge again? I'm trying to be optimistic but would appreciate some help. Still no plans for the new site, rushing people down (panic - or dire attempt to convince the market things are really happening) to multiple sites (I have a really radical idea for getting everyone on one site - a stated aim - that would save a billion pounds or so), either being deceitful about numbers required or just unable to count. More people might consider moving but for the lack of trust. Helpful reassurance would be appreciated.
Sounds like somebody had one too many last night.
so what I'm hearing is that you hate your biological mother
I went swanning around cambridge the other day telling everyone how I had been offered a relocation for being such a handsome smart-arse. Good thing I found all those wonder drugs and got myself such a sweet deal with AZ. Your relocation package is what you negotiate when you join AZ losers! Not at your exit interview.
Did anyone get the talk about joining linkedin?
Go and sell your arses around stevenage. There are a bunch of cunts like me down there and the houses are cheap as shit so they can try and fill the catalyst.
Shame most of all the real scientists are relegated to support roles for the phd student elites running shit down the pan.
Me. Relocation package was minimal since I have to move two teenagers out of their school, but we're thinking to take it and run. I think we might rent out to some rich bankers while hubby finds a new job. Good news is cambridge is quite good for jobs.
We checked out house prices and it looks like we will have one less bedroom and no garden, but there are a few things available and we found somewhere fitting.... So the cultural change will be starting at home. St Neots seems likea nice town, full of failed scientists. We could always buy a boat instead.
Has anyone thought of starting their own company?
So has anyone had an offer to go to Cambridge?
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Some GMD support functions
Are they iMed scientists or one of the supporting units?
Not still at Macc - moving from AP to Macc. Was news to me.
This is not news? From the start we've known there would be some R&D staff still at Macc. What's changed?
Who knew? Macc works is a Science Unit and there will be R&D staff there. After all the promises of co-location and vibrancy in Cambridge, oh and promises/threats of redundancy...
Despite all this talk of a new start and new culture in Cambridge I'm hearing that many of the old management have already been offered their jobs in the new haven.
What does the standard relocation package look like?
so much for a fresh start at Cambridge. Having 3 different categories of relocation is going to cause a lot of bad blood....as if AZ didn't have enough of that already
So I went on a "relocation awareness" session. It now transpires that there are 3 categories of relocation packages to Cambridge:
Enhanced (1 year's salary bonus)
Standard (no bonus)
No relocation support (less than they would give to a new-starter).
They also said that they may look to recruit some positions in locally in Cambridge rather than offering AP staff a job! i.e. they no longer want to mitigate against redundancies.
Good to see AZ rumours back on-line. As an ex-AZ, let's have some updates on what's been happening in the past couple of months !
Medimmune in MD is a big joke. Low in all categories.
Thank goodness we have kept the SPBD genius !! Arrow, MedImmune, Rigel, Targacept - 4 GIGANTIC LOSERS
You forgot to add Kudos to that list....
Thank goodness we have kept the SPBD genius !! Arrow, MedImmune, Rigel, Targacept - 4 GIGANTIC LOSERS - oops sorry we're still pretending that MedImmune has something - sorry - uh like they uh have oh yeah that posh nasal vaccine and did get one antibody approved -uh yeah that was like a million years ago..please dont ask questions... MedImmune is FANTASTIC ! there I said it
"So the answer to the bonuses is simple. Award them as shares in trust for at least five years. If the horses they backed are still looking good five years down the road, then the shares are released. If not, they are taken back by AZ. It's not unlike the issue of bankers' bonuses, but perhaps with a longer timescale."
even that is a one-way bet: if it comes off you get the bonus, if not you don't lose anything just don't get the bonus, so still incentivised to make as many deals as possible regardless of risk.
The answer is not to have a bonus culture and let people make decisions for the right reasons not because they are cornered by having to meet objectives. What proportion of targets would be progressed or collaborations signed if the decision was made purely on scientific reasoning and not compromised by objectives or bonuses?....
I work in R&D in Sweden, and I can assure you that past job performance has nothing to do with whether you are maintained or not. The organization is restructured, some people are mapped into positions regardless of their individual performance/competence, and others must apply within a pool of candidates in which actual performance or competence play no role. HR-driven "soft" competences, such as "influencing skills", not whether or not you can actually do your job are what matter.
If only the guys who did 'due diligence' were smart enough to need blinkers to make their misjudgements AZ might be in a better position.
Unfortunately, San Francisco is an expensive city for ex-biology majors and old folks take up space and time. If you are over 40, you can expect a pink slip.
The old folks gotta go. Those at the top know the cost of everything and adult diapers are expensive.
So the answer to the bonuses is simple. Award them as shares in trust for at least five years. If the horses they backed are still looking good five years down the road, then the shares are released. If not, they are taken back by AZ. It's not unlike the issue of bankers' bonuses, but perhaps with a longer timescale.
Cambridge seems so very far away.....
"Due diligence seems to have been done with blinkered eyes."
more likely it's done by people who have objectives to sign up external collaborations to get their bonuses. By the time reality strikes the bonuses are banked and it's someone else's problems. HR's performance-based bonus culture in action....
I totally agree - one other thing, the people who did the scientific due diligence on Fostamatinib were the same ones who failed to deliver an R&I portfolio from internal R&D so why is it they were considered capable of spotting winners from external companies when they clearly could not do so with their own internal R&D projects ? Amazingly most are still there.......
And my crystal ball tells me the BIND collaboration is yet another bad decision. What's bizarre is that there is significant concern about this within some areas of AZ ! Due diligence seems to have been done with blinkered eyes.
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