It certainly looks like Clark is willing to make tough decisions. I think eliminating 11 percent of the company is a big, major step for them. It will be really hard to maintain the corporate culture with so many positions being eliminated.
More Quotes from Albert Rauch:
The best defense against generic competition is innovation, because you don't have to worry so long as you come up with an innovative product that antiquates your older product, ... You can replace your own products before generic competition comes out.Albert Rauch
It is still too early to know if (Merck) will be able to win cases on a consistent basis,
Albert Rauch
If you acquire a company, you acquire all the expenses of the company. But if you sign a license, you can use cash on your balance sheet instead of your income statement.
Albert Rauch
Each time they win, the stock will go up and each time they lose, it will go down, ... But this verdict shows that Merck's strategy of using solid science and medical information to defend themselves can work in certain situations.
Albert Rauch
The top line hasn't knocked your socks off, but certainly they've been good at controlling expenses.
Albert Rauch
If you've misjudged what's happened in '05, how can you give guidance for '06 and '07 with any confidence.
Albert Rauch
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Nah, I don't watch TV either, apart from a few sports programmes. I just don't have the time.
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Prosperity is not without many fears and distastes; adversity not without many comforts and hopes.
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