I hope they worked on Clinton, don't you?
"Boston Scientific plans job cuts; Move may affect up to 10% of device maker’s workforce" by Robert Weisman, Globe Staff | February 11, 2010
Medical device maker Boston Scientific Corp., still grappling with the aftermath of a giant acquisition and big legal settlements, yesterday said it will eliminate up to 1,300 jobs worldwide as part of a restructuring move....
The job cuts, disclosed as the company posted a $1.1 billion fourth-quarter loss, came nine days after Boston Scientific agreed to pay more than $1.7 billion to competitor Johnson & Johnson to resolve three longstanding patent disputes involving competing heart stents, the largest legal settlement in the 30-year history of Boston Scientific....
The company said the cuts will be in nonmanufacturing jobs, but it did not specify what locations would be affected or how many jobs would be cut in its home state of Massachusetts. Boston Scientific employs about 2,000 people in the state and 25,000 worldwide. Its two largest clusters of employees are in Minnesota and Ireland....
--more--""Sales departures could hurt Boston Scientific; Staff disciplined in ethics breaches, device maker says" by David Olmos, Bloomberg News | February 12, 2010
NEW YORK - Boston Scientific Inc. said it disciplined some sales representatives in its heart-rhythm business in December, who have left the company. The departures could hurt sales next year, the company said.
The actions involved “several sales representatives and managers’’ who had “repeatedly breached’ the company’s ethics policies, Raymond Elliott, the chief executive, said yesterday during an earnings conference call with analysts....
Boston Scientific, based in Natick, agreed in December to pay $22 million to settle US Justice Department allegations that its Guidant unit used clinical studies to pay kickbacks to doctors for using its products.
Yup, another great corporate citizen in the health field!
The settlement required the company to enter into a corporate integrity agreement mandating that its cardiac-rhythm unit disclose payments to doctors on its website.
St. Jude hired four former Boston Scientific employees, two of whom were cardiac rhythm sales representatives, in the past few months, said Angela Craig, a spokeswoman for St. Paul-based St. Jude, in an e-mailed statement.
“The remarks from this morning strike us a little bit like a bitter spouse after a bad divorce,’’ she said in the e-mail....
Who gives a f*** then?
