J&J appoints a salesman as CEO - b-school professor furious
Alex Gorsky, the new CEO of J&J, started his career as a salesman. This piece discusses what this means, including one offensive stereotype from, inevitably, a business school professor.
The salesman’s job “demands stamina, charisma and a near devotion to making the sale — has become a crucible for future drug company executives in recent years…Mr. Gorsky… fits the mold of someone who once “carried the bag” — industry slang for working as a sales representative. He is known as a polished speaker and an intense yet likable manager who is a quick study when it comes to learning new topics…“It’s the school of hard knocks,” said Nona Footz, who leads the health care practice at RSR Partners, an executive search firm. “You’re out there. You’re knocking on doors. You have very tough sales targets. You get a lot of exposure. You learn the business and then you’re promoted.” Good things, no? “But the ethos of the sales representative may not be what Johnson & Johnson needs right now, said Erik Gordon, who teaches business at the University of Michigan. “That culture was very much the Weldon culture writ large — we will make our numbers for the analysts, period,” he said. “And if that means we have to cut costs on things that affect quality, then by God, we’re going to make those numbers.”