Merck – “Dick Clark established a very clear vision as he took over the helm which was clearly needed at that point.”
Pros
Strong company history, outstanding core values, ethical approach to business.
Cons
Slow to respond to business conditions, steeped in doing things the "Merck way" which prevents new ideas, poor senior leadership pipeline, never remove underperforming senior leaders they simply place them in new roles, pipeline of products has been very poor over last few years.
Advice to Senior Management
Change some of the old guard.