Boston Scientific CFO Dan Brennan tells analysts the company is looking to cut its spending habits in 2015, after a year in which SG&A costs jumped by 8.5%.
Boston Scientific (NYSE:BSX) swung to the black in 2014, shares of the company’s stock are hitting highs not seen since pre-recession days, and investments the company made in new products look to be bearing fruit. But company officials said today that Boston Scientific is looking to trim its spending habits, vowing a “culture shift” on spending for everything from travel to suppliers.
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