Thank you Hologic for DESTROYING Gen-Probe.

The arrogance, incompetence, selfishness, and major inferiority complex continues to pervade throughout Hologic Laboratory Diagnostics Management. What was once an exciting and LOVED company by customers, employees, and outsiders banging on the door just to get in is GONE. Did you happen to notice that the key talent in San Diego (the actual engine that made the thing go) are gone, leaving or planning to leave as soon as they can? Don't you think this is a problem? Sorry, but in the incredibly competitive area of Automated MDX you need to execute QUICKLY with the RIGHT STRATEGY on new assays soon because if you don't, there are quite a few competitors that are gearing up with PANTHER and TIGRIS killers. You are setting us up to get our @ss kicked. I suppose then the finger pointing and politicking will just increase. Perhaps you view the mass exodus as a good thing for yourselves because you are simply threatened by "legacy" Gen-Probe and we will continue to make you look incompetent otherwise. The word is out on the street about you clowns. The industry knows it and the customers know it too. Look in the mirror for a change. You guys are a sorry pathetic bunch.

from a newspaper interview

from a newspaper interview with LT, founder of Invitrogen:
Q: What do you make of Life Tech’s recent sale to Thermo Fisher?

A: When I was doing mergers and acquisitions at Invitrogen, I discovered that no healthy companies are for sale. I don’t follow Life Tech or know much about Thermo Fisher. But when your best option is selling out, you have run out of options.

Another old boys club bites

Another old boys club bites the dust...tsk tsk welcome to the real world. Glad I didn't jump on that sinking ship.

Hopefully, you were there

Hopefully, you were there when Gen-Probe went public and were able to benefit from that. I was, and we all got money for nothing more than being in the right place at the right time. Some of us got crazy money and some others got filthy rich.

I'm grateful for my time there. I worked hard, made great money, had a lot of fun, learned a lot and met a lot of great people. It sounds like you have, too. Sadly, nothing ever stays the same and Gen-Probe is not immune to that axiom. They would have eventually changed even without the Hologic takeover, and signs of that change were happening prior to Hologic.

Gen-Probe served their customers well and conducted themselves with tremendous integrity. They also authentically valued their employees. These two, core strenghts resulted in a three-way commitment between the organization, the employees and the customers which was the root of Gen-Probe's success.

If those things no longer exist at Hologic, then every day you stay and put up with that, you are selling yourself short. You will never change them and things will never be the way they once were. Life is far too brief to work for a company you can't trust, you can't be proud of, or doesn't value your contributions. Great companies still exist and you should find one who needs and appreciates your contributions. Good luck and Godspeed!

"Happens all the time.

"Happens all the time. Corporations covet other corporations’ success, acquire them and immediately proceed to dismantle everything; summarily destroying the very elements that made the acquired company so successful in the first place.

The few remaining acquired employees know exactly why everything went to hell in a hand basket, but nobody listens to them. The new middle management scratch their heads with one hand and cover their asses with the other, wondering why “their way” wasn’t better and what they can cut back, spin or sell to eke out a profitable quarter and keep from getting canned. Meanwhile, executive leadership spins the whole scenario into a grand success story, from which they receive grand bonuses and promotions.

Nevertheless, don’t blame Hologic for Gen-Probe’s downfall. GP would have never been sold, had it not been for some executives who were holding millions in stock and expiring options that needed to be exercised. GP was sold down the river by the old guard. They bailed and left you holding the bag. They are enjoying golf-filled days of cushy retirement and independent wealth, while you work harder and harder for less and less.

And that, too, happens all the time."

Very well put, and completely true. Thanks, great read!

Happens all the time.

Happens all the time. Corporations covet other corporations’ success, acquire them and immediately proceed to dismantle everything; summarily destroying the very elements that made the acquired company so successful in the first place.

The few remaining acquired employees know exactly why everything went to hell in a hand basket, but nobody listens to them. The new middle management scratch their heads with one hand and cover their asses with the other, wondering why “their way” wasn’t better and what they can cut back, spin or sell to eke out a profitable quarter and keep from getting canned. Meanwhile, executive leadership spins the whole scenario into a grand success story, from which they receive grand bonuses and promotions.

Nevertheless, don’t blame Hologic for Gen-Probe’s downfall. GP would have never been sold, had it not been for some executives who were holding millions in stock and expiring options that needed to be exercised. GP was sold down the river by the old guard. They bailed and left you holding the bag. They are enjoying golf-filled days of cushy retirement and independent wealth, while you work harder and harder for less and less.

And that, too, happens all the time.

You're welcome

You're welcome

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