PHG is now hitting some nice and I suppose long overdue targets: profitability, no further breach, and debt reduction. Then there’s likely acquisitions on the horizon according to the investor presentation. A lot of this turnaround I assume to be down to the dynamic Dr. Kadish but has anyone else noticed that the board is composed of all non execs?
Surely this is very unusual and certainly doesn’t seem to be duplicated in any other health care company. The MD is always on the board.
Are they going to address this sometime soon? PHG has really turned around since Dr. Kadish took the wheel, so when is the board going to reward the guy who has performed the miracle?
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