web analytics

Vascular Solutions CEO Howard Root Blames Reps for Sleepless Nights: Sells Company to Teleflex Inc. For $ 1 Billion

Vascular Solutions CEO Howard Root Blames Reps for Sleepless Nights: Sells Company to Teleflex Inc. For $ 1 Billion

December 9, 2016

Acquitted Howard Root Settled Civil Damages #TheSociopathicBusinessModel

According to his PR team  Star Tribune Vascular Solution‘s arrested, indicted & acquitted CEO Howard Root has decided* to leave the company he co-founded and ran for 20 years.  Frequent readers will recall that Root, unethically & abusively threatened me unsuccessfully with legal action.

*Has decided in the industry is often, but not always, code for the decision is made for them. For example when Johnson & Johnson’s Acclarent stated they decided to remove the Relieva Stratus Microflow Spacer from the market in 2013, what they really meant to say is that they were in a sealed DOJ investigation where FDA required the removal of the product from the market. No company just decides to walk away from a $40 million product.

Before Vascular Solutions, whose company under the direction of CEO Root paid a DOJ civil fine of $520,00, sells to Teleflex Inc. for $1 billion, he couldn’t help to take one last page from The Sociopathic Business Model™, manipulating facts, and placing blame without taking accountability.

“I love the company today; I love working with medical devices,” Root told the Star Tribune Friday after the deal was announced. “But after going through [a] five-year criminal prosecution by the government over nothing [$520,000 DOJ fine is nothing?], over what words my sales reps said, I just realized that I don’t want to be in a situation where every night when I go to bed I worry about whether a sales rep said the wrong words.”

retaliation

Sure, just like all the employees at Wells Fargo decided to commit fraud by creating false accounts and all the employees at Johnson & Johnson’s Acclarent decided to commit fraud never selling the device on label but only off-label, which I’m sure had nothing to do with every rep using the exact same talk-track created at the executive level.  Employees certainly weren’t threatened  or intimidated into breaking the law, fearful of job loss…because we know that retaliation never happens.

employees-cheering

Except in the Wells Fargo case the CEO stepped down and the CEO of  Johnson & Johnon’s Acclarent & VP of Sales were arrested, indicted, convicted and awaiting sentencing. Root, like OJ Simpson and Casey Anthony, was acquitted; and, I think every night before we go to bed we’ll all be happier to know that Howard Root decided to leave the company he co-founded in the healthcare industry. At the very least I sense employees knowing this is the last time they’ll get blamed by Root, will have their first good night’s sleep in years.

On a personal note congratulations to Vascular Solutions whistleblower, DeSalle Bui, who I’m sure caused Root some well-earned sleepless nights.

No Comments

Post a Comment