Wyeth – “Good place to work - we'll see how it is once acquired by Pfizer!”
Pros
Lots of opportunity to grow professionally - management supports cross-functional projects and initiatives. Good products that span pharmaceuticals, biotech drugs, vaccines as well as consumer products and animal health. Competitive compensation - includes base salary, annual bonus, restricted shares, stock options, and good benefits. 3 weeks of vacation to start for all employees plus a week off for the Christmas and New Years holidays.
Cons
Some sites are siloed. Many decisions are centrally-driven from Corporate (Madison) and Pharmaceutical headquarters. Overly conservative approach to what is inherently a risky business (drug discovery, development and commercialization). Legal and Finance make a lot of the decisions - Wyeth used to be a holding company and heritage is hard to leave behind.
Advice to Senior Management
Be aggressive in thinking - listen to the line management (not only your legal and finance advisors).