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Post by cgiscgis on Aug 11, 2016 8:04:27 GMT -5
He needs to come back. Matt is a nice guy but NEVER allow a CFO to run a company, recipe for disaster.
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Post by centralcoastinvestor on Aug 11, 2016 8:30:54 GMT -5
I completly disagree with you. The measure of a good leader is who he/she surrounds themselves with and whether they have vision. Matt knocked it out of the park with his hiring of Mike Castagna. Matt's management team has developed a strong plan and are delivering on that plan. Matt has been the CEO during the most difficult time in MannKind's history. Under his leadership, MannKind has built a marketing and commercialization team from scratch in six months not to mention being forced to rebrand Afrezza under the MannKind label during that time as well. I could go on with the list of things accomplished under Matt's leadership after the betrayal by Sanofi. I think Matt has proven himself to be a solid leader during very high pressure times. I don't think we need DeSisto.
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Post by sportsrancho on Aug 11, 2016 8:49:09 GMT -5
So we are going to let Matt do all the work and then kick him to the curb? He has heart and Al's vision and passion to carry it on! DeSisto would make a big head-line splash. But Matt's my guy for the job:-)
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Post by compound26 on Aug 11, 2016 10:05:01 GMT -5
He needs to come back. Matt is a nice guy but NEVER allow a CFO to run a company, recipe for disaster.
How did CFOs become the new heirs apparent to CEOs?www.chicagobusiness.com/article/20140927/ISSUE02/309279997/how-did-cfos-become-the-new-heirs-apparent-to-ceos................ As more companies decide not to replace their COO, many CFOs are picking up those duties, expanding their purview beyond finance. CFOs are overseeing operations, IT, supply chain, risk management, HR and even PR. And increasingly, observers say, this knowledge of every facet of the business is making them the heirs apparent to their bosses. ................ The most notable example from the past decade: PepsiCo Inc. CEO Indra Nooyi, who was CFO before she took the top spot in 2006. In the Chicago area, Crate & Barrel's Adrian Mitchell served as both chief operating officer and chief financial officer until August, when CEO Sascha Bopp suddenly resigned, and he took on the top job on an interim basis. |
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Post by Deleted on Aug 11, 2016 10:09:29 GMT -5
Matt's protectors are here, makes me nauseous - stay on point the topic is Desisto. "We don't need Desisto," made me laugh, ridiculous comment. The difference between Matt, Mike and Duane is clout. Duane has been a successful CEO for 12+ years, Matt has no experience. You might as well start kissin ass now (DD), because you will be. I think Duane Desisto will be a Phenomenal addition to our team.
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Post by bioexec25 on Aug 11, 2016 10:21:20 GMT -5
At some point a Duane Desisto may be a great addition,however for me it is tactically a mute point right now. We have a very competent commercial leader in Mike C. for re-launch, and Matt P. as CEO to continue to keep the finances tightly managed until Mnkd gains real traction.
Another point to consider is when this launch is successful and I believe it will be, Mike and Matt will have led a substantial turnaround and will have a level of experience that is hard to put a value on. By the time we have the cash for a new CEO, it really may not be needed any longer and for multiple reasons.
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Post by peppy on Aug 11, 2016 10:27:02 GMT -5
I say cease and desisto. It is not something that is any of our decision.
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Post by gamblerjag on Aug 11, 2016 10:38:38 GMT -5
wow...... fastest block member since YMB.
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Post by kball on Aug 11, 2016 10:39:41 GMT -5
At some point a Duane Desisto may be a great addition,however for me it is tactically a mute point right now. We have a very competent commercial leader in Mike C. for re-launch, and Matt P. as CEO to continue to keep the finances tightly managed until Mnkd gains real traction. Another point to consider is when this launch is successful and I believe it will be, Mike and Matt will have led a substantial turnaround and will have a level of experience that is hard to put a value on. By the time we have the cash for a new CEO, it really may not be needed any longer and for multiple reasons. As one of the less optimistic investors in this company here, it really wouldn't surprise me that if we do hire a new CEO his last name might as well be Murphy |
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Post by mnholdem on Aug 11, 2016 11:05:48 GMT -5
So we are going to let Matt do all the work and then kick him to the curb? He has heart and Al's vision and passion to carry it on! DeSisto would make a big head-line splash. But Matt's my guy for the job:-) I have the greatest respect for Matt and I consider him a friend. That said, it was Alfred Mann who tapped Duane DeSisto for the CEO spot. I suspect it was not only because Duane has CEO experience and a background in disruptive technology and butting heads with the Goliaths of this industry, but because Al may have felt that MannKind Corporation needs a dealmaker at the helm to get partners for the TS Pipeline.
I also think (and have posted this) that Matt may have agreed with the BoD to become interim CEO until DeSisto is released from his non-compete agreement with Insulet, Inc. If that is true, it increases my respect for him even more. Matt Pfeffer has played a huge part in this corporation's remaining viable and he & others have given MannKind Corporation a fighting chance to bring Mann's vision to market.
As he mentioned at the 2Q14 earnings call, it's almost unheard of for a corporation to convert itself into a commercial enterprise in the short amount of time that MannKind did. Matt was at the helm and deserves the credit for leading this remarkable achievement, IMHO.
It would not disappoint me in the least if I were proven to be completely wrong and Matt Pfeffer remains CEO. In the past, Pfeffer's actions were likely influenced - if not dictated - by Alfred Mann. With Mann's passing, Matt has shown real strength and resolve in his decision-making abilities, as well as a knack for assembling a world-class team.
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Post by Deleted on Aug 11, 2016 14:06:27 GMT -5
So we are going to let Matt do all the work and then kick him to the curb? He has heart and Al's vision and passion to carry it on! DeSisto would make a big head-line splash. But Matt's my guy for the job:-) I have the greatest respect for Matt and I consider him a friend. That said, it was Alfred Mann who tapped Duane DeSisto for the CEO spot. I suspect it was not only because Duane has CEO experience and a background in disruptive technology and butting heads with the Goliaths of this industry, but because Al may have felt that MannKind Corporation needs a dealmaker at the helm to get partners for the TS Pipeline.
I also think (and have posted this) that Matt may have agreed with the BoD to become interim CEO until DeSisto is released from his non-compete agreement with Insulet, Inc. If that is true, it increases my respect for him even more. Matt Pfeffer has played a huge part in this corporation's remaining viable and he & others have given MannKind Corporation a fighting chance to bring Mann's vision to market.
As he mentioned at the 2Q14 earnings call, it's almost unheard of for a corporation to convert itself into a commercial enterprise in the short amount of time that MannKind did. Matt was at the helm and deserves the credit for leading this remarkable achievement, IMHO.
It would not disappoint me in the least if I were proven to be completely wrong and Matt Pfeffer remains CEO. In the past, Pfeffer's actions were likely influenced - if not dictated - by Alfred Mann. With Mann's passing, Matt has shown real strength and resolve in his decision-making abilities, as well as a knack for assembling a world-class team.
Matt is incredibly bright and has been loyal to Al and conversely, Al to Matt. Matt seems like an excellent technician but on the last call, I had another person listen in whom I have utmost respect for and their comments were that he is not comfortable on the platform. Furthermore, and no disrespect intended but I do not think Matt is wired for the street fight. DeSisto on the other hand was born for the street fight. He takes no shit or prisoners and he built Insulet from pre-revenue into the #2 pump company. When he began, MDT was #1, J&J #2, Diesetronic was #3. Diesetronic today (part of Roche) is a non-entity and J&J's Animas pump business is in shambles. While Insulet has undergone some changes since Duane left, he is the one that got things started and under his watch diversified into other drug delivery platforms and was the CEO when Insulet began looking to diversity into the U200 and U500 space. BTW - this is why Insulet would not let him out of his non-compete. Earlier in his career Duane was a CFO which also will help the case in the bare knuckles negotiation for additional funding and / or partnerships. Whether Duane does or does not show up as CEO of MNKD, I have the greatest of respect for him. Either way, Matt and Mike have to execute and they appear to be. There are no more tomorrows. In the next few weeks, NRx needs to start to climb and by mid-September, we need 20% + W/W NRx growth or we end up selling 80mm shares and netting $55mm. |
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Post by Deleted on Aug 11, 2016 14:26:41 GMT -5
I have the greatest respect for Matt and I consider him a friend. That said, it was Alfred Mann who tapped Duane DeSisto for the CEO spot. I suspect it was not only because Duane has CEO experience and a background in disruptive technology and butting heads with the Goliaths of this industry, but because Al may have felt that MannKind Corporation needs a dealmaker at the helm to get partners for the TS Pipeline.
I also think (and have posted this) that Matt may have agreed with the BoD to become interim CEO until DeSisto is released from his non-compete agreement with Insulet, Inc. If that is true, it increases my respect for him even more. Matt Pfeffer has played a huge part in this corporation's remaining viable and he & others have given MannKind Corporation a fighting chance to bring Mann's vision to market.
As he mentioned at the 2Q14 earnings call, it's almost unheard of for a corporation to convert itself into a commercial enterprise in the short amount of time that MannKind did. Matt was at the helm and deserves the credit for leading this remarkable achievement, IMHO.
It would not disappoint me in the least if I were proven to be completely wrong and Matt Pfeffer remains CEO. In the past, Pfeffer's actions were likely influenced - if not dictated - by Alfred Mann. With Mann's passing, Matt has shown real strength and resolve in his decision-making abilities, as well as a knack for assembling a world-class team.
Matt is incredibly bright and has been loyal to Al and conversely, Al to Matt. Matt seems like an excellent technician but on the last call, I had another person listen in whom I have utmost respect for and their comments were that he is not comfortable on the platform. Furthermore, and no disrespect intended but I do not think Matt is wired for the street fight. DeSisto on the other hand was born for the street fight. He takes no shit or prisoners and he built Insulet from pre-revenue into the #2 pump company. When he began, MDT was #1, J&J #2, Diesetronic was #3. Diesetronic today (part of Roche) is a non-entity and J&J's Animas pump business is in shambles. While Insulet has undergone some changes since Duane left, he is the one that got things started and under his watch diversified into other drug delivery platforms and was the CEO when Insulet began looking to diversity into the U200 and U500 space. BTW - this is why Insulet would not let him out of his non-compete. Earlier in his career Duane was a CFO which also will help the case in the bare knuckles negotiation for additional funding and / or partnerships. Whether Duane does or does not show up as CEO of MNKD, I have the greatest of respect for him. Either way, Matt and Mike have to execute and they appear to be. There are no more tomorrows. In the next few weeks, NRx needs to start to climb and by mid-September, we need 20% + W/W NRx growth or we end up selling 80mm shares and netting $55mm. OMG how dare you! On top of not being comfortable he doesn't respond to questions that need on the spot answering well. It does not mean he does not have a place with this company. He just shouldnt be the number 1. |
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DeSisto
Aug 11, 2016 14:27:33 GMT -5
Post by Deleted on Aug 11, 2016 14:27:33 GMT -5
So we are going to let Matt do all the work and then kick him to the curb? He has heart and Al's vision and passion to carry it on! DeSisto would make a big head-line splash. But Matt's my guy for the job:-) I have the greatest respect for Matt and I consider him a friend. That said, it was Alfred Mann who tapped Duane DeSisto for the CEO spot. I suspect it was not only because Duane has CEO experience and a background in disruptive technology and butting heads with the Goliaths of this industry, but because Al may have felt that MannKind Corporation needs a dealmaker at the helm to get partners for the TS Pipeline.
I also think (and have posted this) that Matt may have agreed with the BoD to become interim CEO until DeSisto is released from his non-compete agreement with Insulet, Inc. If that is true, it increases my respect for him even more. Matt Pfeffer has played a huge part in this corporation's remaining viable and he & others have given MannKind Corporation a fighting chance to bring Mann's vision to market.
As he mentioned at the 2Q14 earnings call, it's almost unheard of for a corporation to convert itself into a commercial enterprise in the short amount of time that MannKind did. Matt was at the helm and deserves the credit for leading this remarkable achievement, IMHO.
It would not disappoint me in the least if I were proven to be completely wrong and Matt Pfeffer remains CEO. In the past, Pfeffer's actions were likely influenced - if not dictated - by Alfred Mann. With Mann's passing, Matt has shown real strength and resolve in his decision-making abilities, as well as a knack for assembling a world-class team.
What do you mean friends. You two know one another personally? |
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Post by mnholdem on Aug 11, 2016 15:43:25 GMT -5
I know and chat with quite a few CEOs, Directors and company Presidents, of which most I would call friends. They are more on the professional level of friendship than on a personal level, with a couple of exceptions.
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Post by babaoriley on Aug 11, 2016 16:35:46 GMT -5
Matt's protectors are here, makes me nauseous - stay on point the topic is Desisto. "We don't need Desisto," made me laugh, ridiculous comment. The difference between Matt, Mike and Duane is clout. Duane has been a successful CEO for 12+ years, Matt has no experience. You might as well start kissin ass now (DD), because you will be. I think Duane Desisto will be a Phenomenal addition to our team. Excellent post, Duane, hard to disagree (and glad you're participating on the board)!  |
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