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Levine closes worst chapter in MNT History     24-Jan-09 06:54 pm    
Levine has presided over the worst chapter in MNT history but profited the most of any its previous CEO's given that it only took him 5 years to run the company to the lowest stock price in its' storied history.
Lets look at his accomplishments.....never mind since there aren't any. Lets look at a sampling of his failures

Paid out over $43M in severance to management executives that diagreed with his strategy & management skills

Sold the Urology & HC business because he couldn't manage it

Sold the Aesthetic business because he couldn't manage that either

Failed to launch the Filler line

Failing at launching the Purtox line

Went through 4 CFO's in 5 yrs including one that he paid 500k not to show up on his first day

De-motivated the management team and employees through lies & broken promises.

While he was granting himself 50,000 shares of options, he refused MNT to fund a bowling league and softball team ($1,000) was to much given all the severance he forced the shareholders to pay out.

unfortunately, JNJ will end up terminating Levine with a big check once they uncover the mess he leaves behind.
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rckwyy


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Levine closes worst chapter in MNT History
rckwyy (1 Rating) 24-Jan-09 06:54 pm  
 
Agreed...and why did JNJ want him, did they not ch...
lardor Rate it 28-Jan-09 02:54 pm  
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