Allegedly he stayed under $5000 per purchase on his company Amex card. The MO was purchasing and selling tool sets. His boss must be in the hotseat. No doubt an audit is ongoing. I guess one way to "layoff" employees is to root out crooks. This does not reflect well on any level of Medtronic management. I was concerned about the management turnover in purchasing at NH over a decade ago. How can you spot potential corruption from a revolving door? My boss, the General Counsel, shrugged off the concern. Not his department- until it is. I was regarded as a PITA because my actual experience running real businesses taught me you had better mind the till, or any other business asset that is fungible.
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Half a million is nothing compared to GM’s $23.3 million in total compensation for fiscal 2025. That included a $1.4 million salary, stock awards of $14.7 million, option awards of $4.8 million, a $1.9 million cash bonus under the Medtronic Incentive Plan (MIP). That’s grand larceny, fraud & theft.
The management truly su-ks at every department there is at Medtronic. Their only reasoning by staying and keeping their jobs is creating more unnecessary jobs, hiring more contractors then cutting them lose by making excuses such as budget cuts etc while in all to just keep their miserable roles afloat and keep collecting that paycheck. This is a game they got playing for a while and hence the rto mandate
Wow that's like 100 purchases of wicked expensive tools. ... Crazy story, thanks for sharing !