Friday, May 24, 2024

Re: Hanger

Robert McCulloch

“The responsibility of upper management is to its stockholders” ? ? Bull _ _ _ _ !! Last time I looked, Ivan Sabel had C.P.O. behind his name ! ! That’s the profession that put him where he is today. His responsibility is to “stockholders” ? ? Does that mean that because he paid too much for Hanger-Thranhart and Novacare and a lot of previously independent facilities, his responsibility now lies in paying back stockholders, regardless of what it does to the profession ??

Bob

—– Original Message —–

From:

To:

Sent: Sunday, July 30, 2000 1:56 PM

Subject: Re: Hanger

> In any corporate structure , the responsibility of upper manager is to its

> stockholders. The associates responsibility is to its customers or patients.

> The Hanger management sets policy so that the associates can function.

>

> Any individual company can negotiate with any supplier based on volume. If

> you are that good- and I hope you are- than go ahead and compete with hanger.

>

> Name witheld

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