RHC ramsay health care limited

RHC Board thrash Paul Ramsay's Value Proposition and Abdicate to CEO's McKinsey Powerpoints

  1. 54 Posts.
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    I had hoped my earlier prediction would not eventuate. Board and Chair enamoured by PowerPoints and hubris and reneging (or completely misunderstanding) the founder's, Paul Ramsay's, core value proposition and its link to competencies of leadership and management.
    I acquired RHC and Cochlear in 2013 on basis of a values/value centric strategy and ability to operationalize that strategy globally.
    One company flawlessly executed on that strategy and increased value by 500%-COH.
    The other has a lazy and unfocused Chair and Board who have failed the founder, misunderstood the board's accountability to stress-test the strategy and accountability to select the best and most competent CEO/Leaders-RHC. 13% increase in share price in 11 years vs COH at 500%

    In continuing this negligence they have appointed a CEO whose pedigree is McKinsey Powerpoints, and ability to deftly slipped out of the Woolworths debacle. This is Healthcare and Lifesciences and the shareholders are not impressed.

    Indeed my next prediction is the headline risk and response. I fear that, as is the case in Hospitals and Healthcare, when a serious incident occurs this CEO will freeze as the other alumni of McKinsey at Optus. I have had such admiration for David Thodey but he must be over stretched as its showing in the Governance, Remuneration, Strategy, CEO selection and RHC's abysmal performance.
    He'd best pray to Paul Ramsay to guide them back to the basics and values/principles that created RHC early success.
    Fancy powerpoints isn't a strategy. Values don't appear from a presentation.
    I hope this prediction unlike the last does not eventuate....
 
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