Pros
Winners : Great for the out going CEO Larry K. Not only did he get his 30 million or so average over the 4 years he was here he also got a 109 million dollar buy out. Good job Larry Winners: Great for the outgoing former Pall execs. They also got multi-million dollar buy outs. Winners: Great for the former Pall Corp Shareholders they got 2 to 4 times what they paid for their stock when the stock buy out was around 127 dollars a share. Winners: Great for the few employees not laid off they get to keep their jobs and all the new benefits that Danaher employees all get.
Cons
Losers: The employees at other facilities at Pall as the massive layoffs began. Losers: Most of the employees at the former Global headquarters at Port Washington , NY Most are or already have been laid off. Losers: The talented lab personnel that all lost their jobs at PW as the jobs and the lab talent did not move to other facilities. The lab talent was managed out the front door to the unemployment line. Losers: The customers who now will have to wait for newly hired trainee lab personnel from other facilities to come up to speed for the testing protocols they are now just learning (usually a 6 month process at best) and These newly trained personnel are dealing with a heavy back log of tests to perform as they are replacing many labs and the work load those labs performed. Losers: LI as when the final person exits the PW facility the area will have lost in total hundreds of jobs, And the money these people will have spent on LI as well as the tax base Pall corp has brought to LI for over 70 years. Losers: Any LI person who might have landed a job at Pall if the Acquisition had not gone through.