"what I don't understand is what hidden value DHR saw in BEC to start with"

An important part DHR growth strategy is based acquisition. Few companies available are ever what one might ordinarily think of as good or healthy - they are in trouble and that's why they're for sale. DHR acquires companies adjacent to their existing businesses, have good brands and where they can identify significant room for operational improvement. BEC fit their life science platform, had brand recognition and certainly had plenty of room for operational improvement.

They may have swallowed a rotten fish, but as a strategic buyer of companies they looked to make money by building their conglomerate portfolio. There seems to have been significant collateral damage and hard feelings in the process, but nothing like what would have happened had BEC been acquired by an institutional investor (ex. Bain). Better hope it does not come to that.

Also Danaher's name was unknown to diagnostics customers. Not like the Roche, Siemens, Abbott, Johnson of this world.

They only had one chance to make a good first impression. Beckman reputation was destroyed. Danaher had a hence to bring it back from the start. They failed miserably. Now customers often tell the remaining sells rep to leaves BCI.

Trust is broken

"The offending business(es) and all accountable are in jeopardy should countermeasures not succeed on the specified timeline."

Your comments are a fair and relevant analysis. With regard to BEC what I don't understand is what hidden value DHR saw in BEC to start with. The DX market has been tough for awhile and BEC has been a marginal player in that bad space for some time. Surely DHR understood the concept of catching a falling knife.

Cost cutting will only get you a short term bump. Bec went through their "austerity" program in 2004 after the robotic debacle of October 2003 conference call. BEC had layoffs in 2005. BEC had R4G in 2007. DHR cleaned house in 2011. Looks like 2012 will be a repeat of 2011.

Do the math, that works out to a shake out every other year. Can you define the falling knife analogy any better?

Cut Cut Slice Slice - Ouch!

DHR has all the ingredients to succeed.What is wrong?

Your statement is wrong. Most of the ingredients for success have left.

I think the only thing to save BCI is to bring doy back!

DHR has all the ingredients to succeed.What is wrong?

DHR will learn after loosing a few millions

Fail to get results with bci will affect the other Danaher business. That will proof that they underestimate the complexity of a full regulated business.
Danaher has to put good money into the tra
sh can

Yes let's get this party started
. Even with ask the money they pretend to spend they can't succeed

DHR rolls restructuring cost into the initial price of an acquisition. The admission of need for extraordinary expenditure indicates poor judgement and/or execution. The offending business(es) and all accountable are in jeopardy should countermeasures not succeed on the specified timeline. Things may now get even more "interesting".

Did DHR actually say where that 100 million restructuring would go to?

Did DHR actually report anything negative about the BEC acquisition (not to be confused with the ongoing DHR inquisition)?

Danaher doesn't need 100 million to fix bci.they need 100 years to clean the mafia inside bci

Money can buy time. But money cant buy the truth.and the truth is that beckman acquisition was an error

That is a beautiful excuse to tell the shareholders. What we bought is a lemon

"The company said on Thursday that it would spend $100 million this year to restructure"

-Not good news but a $100 mil is not even a drop in the bucket for DHR. $50 million of that was planed in 2011 for 2012. I think DRH is just looking for a way to continue to scare its employees to accept the soon to be new normal. Fear works.

"DHR has the money to hide the BEC mistake indefinitely so don't ever expect that they will own up to their error."

-Its playing out now.

To the person who pasted to Twilight Zone clip link - you nailed it.

More layoffs at Beckman:

NEW YORK, July 19 (Reuters) - Industrial and medical conglomerate Danaher Corp reported lower quarterly earnings, cut its full-year forecast and said it would speed up cost-cutting to protect profit margins in a worsening economic environment.

The company said on Thursday that it would spend $100 million this year to restructure operations and reduce expenses, double its earlier plans. It also warned that a stronger dollar would trim profits

They are part of the illusion system where we all live.
They have to keep the lie alive no matter what.

sorry headquarters.in DC

they can buy the law. is not coincidence they have their headquarters in S.c. is not coincidence that the CEO is a member of the trilateral commission if the senate. i wish your could be right.
unfortunately th
ey have a lot of power. the sad thing is that power comes from or own money

Well danaher may only think about money, but there are laws in country. Does danaher think there above the law? I can tell you that the abuse of managers like LB in Canada is prohibited by the canadian laws.

One day danaher is going to be facing a lawsuit and will lose big boxes

When I first heard the title of the movie horrible bosses I thought it was a movie about Beckman

big corps just care about the money.
they don't care about anything else.

the corn fields are dying due to the extreme weather your might have to eat just butter with salt

"...twilight zone the other day which applies perfectly - 'It’s A Good Life'."

That's to close to home. Just about sums it up though.

Can you bring some butter and salt with you to the cornfield?

to work there your have to be hypocrite

"You can die from someone else's misery—emotional states are as infectious as diseases."

Dead on.

DHR knows this as well. Unless you want to lose your job remember this and put on a happy face. DHR will manage you out the door if they think you are reflecting less than the expected level of happiness. I saw a twilight zone the other day which applies perfectly - 'It’s A Good Life'. Its the one were everybody has to keep a little kid happy.

http://www.youtube.com/watch?v=AkJcFGvNgcY&feature=related

"The Pointy-Haired-Bosses refuse to hear reality conveyed by the technical folks in the next layer down (the laws of chemistry cannot be changed to meet "vision")."
You mean six sigma hasn't let em use third string bottle washers and a stats program to solve everything? Unpossible!

The problem is that SG let go anyone who had a 'Vision' of where the company needed to go for long term health/growth. It's like Apple when SJ left. The. Ones are there but they need someone who has a good vision of where to take the diag biz. Life science alone wo t do it. SA is a goof.

what happened to Danaher was ignorance.
they didn't know this
You can die from someone else's misery—emotional states are as infectious as diseases. You may feel you are helping the drowning man but you are only precipitating your own disaster. The unfortunate sometimes draw misfortune on themselves; they will also draw it on you. Associate with the happy and fortunate instead.
48 laws of power, law number 10

Or Waterloo

bci could be Danaher's Achilles heel

"FDA is coming to town."

They were in Brea last week. You can smell the fear.

FDA is coming to town.

just now to close the show we proudly present the FDA in bci Miami .
don't panic yet

"The Pointy-Haired-Bosses refuse to hear reality conveyed by the technical folks in the next layer down (the laws of chemistry cannot be changed to meet "vision")."
----------------------
You mean six sigma hasn't let em use third string bottle washers and a stats program to solve everything? Unpossible!
----------------------

The bottle washers are trying their best to design new instruments, but the DBS stat program keeps telling them to do the same thing over and over again. They keep coming up with the same ol' instruments and problems.

"The Pointy-Haired-Bosses refuse to hear reality conveyed by the technical folks in the next layer down (the laws of chemistry cannot be changed to meet "vision")."
You mean six sigma hasn't let em use third string bottle washers and a stats program to solve everything? Unpossible!

they will learn from their mistake, the party stats tomorrow.
FDA in Miami.
Let see what the FDA can find. or what bci can hide

[They just don't understand. They don't have a clue. All the MBA diplomas in the world don't make you business smart.]

The problem is that they are not scientifically smart. Few executives with hard skills. All timelines, money, and micromanagement, yet no understanding of the science (ironically resulting in longer timelines and no money).

The Pointy-Haired-Bosses refuse to hear reality conveyed by the technical folks in the next layer down (the laws of chemistry cannot be changed to meet "vision").

The entire BEC acquisition was mishandled from day one. Someone at DHR must really be kicking themselves in ass over going along with the whole thing. DHR could have done much better spending their cash on a company which lent it self to the DHR DBS. DHR has the money to hide the BEC mistake indefinitely so don't ever expect that they will own up to their error. That money will be used "re-buy" what they thought they were buying in the first place. I don't feel very good about the next four years.

The forecast calls for pain my friends!

Every year it's the same. They don't understand the results! It tells ou how much abuse, disrespect, favoritism I in the management culture.

They just don't understand. They don't have a clue. All the MBA diplomas in the world don't make you business smart

"Please, does anybody see any light ahead as we continue into this tunnel for year two of DHR?"
"Train!"

There is shock in management at the low survey scores. They don't understand why. And that's also the answer. They are clueless and think they are doing a great job.

"Here's your sign"

they get what they deserve, and i think we're been nice

Please, does anybody see any light ahead as we continue into this tunnel for year two of DHR?

Train!

The biggest ass kissing two faced back stabbing poser manager in BCI/DHR is KS. A real Douche nozzle and a jellyfish of a man.

Might get interesting when it gets cheaper to lay off associates in a few months

Please, does anybody see any light ahead as we continue into this tunnel for year two of DHR?

Suspect they graded. It on a bell curve to make it look better!;)

Is this TB person making her numbers overall?

TB is the DHR talent retention model. LOL. Must be good at something except management.

I agree TB is a big a?? kissing manager. She is worthless as a LS manager. She does not take care of her employees. Big liar. She has put managers in place who are disliked by many employees. She has her favorites who haven't not made budget in years, but continue to stay employed. Just moved around every few years and say they need a few years to understand the territory. It is a joke to work here with favoritism like that. Go ahead TB and put a few more of your unworthy colleagues into management positions. I guess a mail order MBA from Columbia, SC can make you a good manager!!! Keep up the a?? kissing. Life has a funny way of paybacks.

that doesn't change the fact that is a horrible place to work