Valeant turnaround won't work but layoffs will

Forget the newfound R&D investment by Papa (um yea, still back at 2016 levels) and improved operation efficiency (hear layoffs), the company can't turnaround when Bausch & Lomb and Salix are the only companies keeping Valeant afloat.

All the new products (Significant Seven, really?) Papa Joe is popping out are unproven. How can this really be the turnaround strategy without more layoffs?

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Someone has to take responsibility for my $$$$-ups!!!

-(Your)Papa

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The Bausch & Lomb business is in trouble....the recent growth was an anomoly and it was very seasonal. Weak new products are affecting growth. If there is one business where layoffs could happen, BL is it. Between Salix and BL, the company depends on these brands way too much. They can't afford to not have layoffs in the business.

Well Valeant must be happy with the Bausch business because they just renamed the company to Bausch Health. No doubt to distance the company from the scandal of the previous management team.

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The Bausch & Lomb business is in trouble....the recent growth was an anomoly and it was very seasonal. Weak new products are affecting growth. If there is one business where layoffs could happen, BL is it. Between Salix and BL, the company depends on these brands way too much. They can't afford to not have layoffs in the business.

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Well, the board is listening to investors and their complaints as they cut his compensation to a monster $62.7 million in 2016 to $4.9 million last year. Comp going forward is mostly performance based too, similar incentive program as other Valeant executives. Maybe Valeant is actually trying to become a real company, one that listens to shareholders. I hope they use some of those savings though and hold off on any layoffs they had planned or discussed.

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