WEBVTT 00:00:00.000 --> 00:00:03.294 The advantage is that you get a diverse experience 00:00:03.294 --> 00:00:05.296 and you see a lot of different business models 00:00:05.296 --> 00:00:08.216 and you learn to comprehend the similarities 00:00:08.216 --> 00:00:09.551 as well as the differences. 00:00:15.306 --> 00:00:18.643 - Prior to joining Biogen, you worked in a couple 00:00:18.643 --> 00:00:21.896 of industries: in a professional services firm, 00:00:21.896 --> 00:00:26.901 in satellite service provider, and contract research. 00:00:27.068 --> 00:00:30.530 How did that diverse experience influence your leadership 00:00:30.530 --> 00:00:31.906 style here at Biogen? 00:00:31.906 --> 00:00:35.076 - Thanks. It's a, it's a good question, and there are advantages 00:00:35.076 --> 00:00:37.746 and disadvantages to seeing a lot of different industries. 00:00:37.746 --> 00:00:41.875 Obviously the advantage is that you get a diverse experience 00:00:41.875 --> 00:00:43.752 and you see a lot of different business models 00:00:43.752 --> 00:00:46.629 and you learn to comprehend the similarities 00:00:46.629 --> 00:00:48.465 as well as the differences. 00:00:48.465 --> 00:00:50.967 The bad news is it takes time to learn each one. 00:00:52.093 --> 00:00:54.137 At the end of the day, you know, what you try 00:00:54.137 --> 00:00:55.346 to boil it down to is 00:00:55.346 --> 00:00:58.433 that management has three basic responsibilities. 00:00:58.433 --> 00:01:01.478 Grow the top line, expand your margins, 00:01:01.478 --> 00:01:03.438 and allocate capital the right way. 00:01:03.438 --> 00:01:04.647 What you find is, no matter 00:01:04.647 --> 00:01:06.232 how different the business models are, 00:01:06.232 --> 00:01:08.777 those three fundamentals are consistent. 00:01:08.777 --> 00:01:11.571 And what I try to bring to any, any new role, 00:01:11.571 --> 00:01:13.531 particularly when I came to Biogen, is, you know, 00:01:13.531 --> 00:01:15.700 how are we doing on those three priorities? 00:01:15.700 --> 00:01:17.327 And there have been some challenges, obviously 00:01:17.327 --> 00:01:20.747 with the top line, which I'm sure we'll talk more about, 00:01:20.747 --> 00:01:22.832 just given the fact that we have some mature products 00:01:22.832 --> 00:01:25.376 that have reached the end of their exclusivity life. 00:01:25.376 --> 00:01:28.129 And so we've worked very hard to bring the company back 00:01:28.129 --> 00:01:31.132 to growth, working hard on our margins. 00:01:31.132 --> 00:01:33.551 And then of course, capital allocation, which is paramount.