New York - Presbyterian Hospital Trustee Advocated Novel Cardiac Procedure - "Reach In, Rip Out Their Heart, and Eat It Before They Die"

The dominant theme of <a href="http://hcrenewal.blogspot.com/">Health Care Renewal</a> has been how problems with the leadership of health care organizations have lead to our current state of health care dysfunction.  We have discussed examples of <a href="http://hcrenewal.blogspot.com/search/label/ill-informed%20management">ill-informed,</a> <a href="http://hcrenewal.blogspot.com/search/label/mission-hostile%20management">mission-hostile</a> leadership rewarded with <a href="http://hcrenewal.blogspot.com/search/label/executive%20compensation">excess compensation</a>, exhibiting <a href="http://hcrenewal.blogspot.com/search/label/impunity">impunity</a> in the face of alleged misbehavior, and at times descending into <a href="http://hcrenewal.blogspot.com/search/label/health%20care%20corruption">corruption</a>.  The cause of these problems is doubtless multi factorial.  However, one possible cause is that rather than exercise stewardship and hold leadership accountable, those in charge of <a href="http://hcrenewal.blogspot.com/search/label/governance">governance</a> of health care organizations, that is, boards of directors or <a href="http://hcrenewal.blogspot.com/search/label/boards%20of%20trustees">trustees</a>, have instead infected the organizations with the amoral culture now dominant in much of the business world, especially <a href="http://hcrenewal.blogspot.com/search/label/finance">finance</a>.  We have discussed, most recently <a href="http://hcrenewal.blogspot.com/2011/12/they-think-we-are-imbeciles-and-they.html">here</a> and <a href="http://hcrenewal.blogspot.com/2011/10/health-cares-99-percenters.html">here</a>, how the <a href="http://hcrenewal.blogspot.com/search/label/boards%20of%20trustees">boards</a> of health care corporations often include heavy representation of leaders of finance, including many of those who seemed responsible for the global financial collapse, great recession, or whatever we will end up calling it.  <br /><br />I recently stumbled upon a particularly graphic example of the sort of predatory culture that now exists on the boards of health care organizations.  (More on how I did so later.)  Below is an embedded YouTube video of a speech made by a current <a href="http://nyp.org/about/board-trustees.html">Trustee of New York - Presbyterian Hospital</a> (who has been on the board since 2007).  He is Richard Fuld, the former CEO of Lehman Brothers, whose continuing role on the hospital board, despite his failed leadership of one of the financial firms whose bankruptcy ushered in the global financial collapse, we discussed first <a href="http://hcrenewal.blogspot.com/2008/09/failed-masters-of-universe-running.html">here</a>.<br /><br /><iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/x93EHs627GI" width="560"></iframe><br /><br />Just to underline it once more, Mr Fuld, referring to short sellers of his company's stock, said he "what I really want to do is <em><strong>I want to reach in, rip out their heart, and eat it before they die</strong></em>."  <br /><br />Can there be a more stark reminder of what has gone wrong with the governance of health care?  Can anyone watch this video and argue that Mr Fuld ought to be on the board of a hospital system?  Why is he still on the board in January, 2012, when this video was released in October, 2011?<br /><br />While I suspect not many other hospital system board members have been videographed displaying equally brutal sentiments, there are likely others with similarly barbaric tendencies.<br /><br />So, on a more positive note.... The boards of hospitals, hospital systems, medical schools, and their parent universities ought to be populated with people who take their stewardship roles seriously.  They ought to be people who understand, agree with, and support the organizations' mission, and their dedication to patient care and teaching.  They ought to understand what good leadership of health care organizations entail.  Needless to say, they ought to be of good character and above any ethical reproach.  In short, they ought to be the opposite of the sort of person displayed in the video above.<br /><br />It should now be obvious that grievous problems with the leadership and governance of health care organizations are principle causes of the dysfunction in our health care system.  True health care reform will require wholesale changes in health care leadership and governance.<br /><br />PS - In case the video above seems too short on context, see the one below:<br /><br /><iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/GZCmWkQuyPc" width="420"></iframe>

New York - Presbyterian Hospital Trustee Advocated Novel Cardiac Procedure - "Reach In, Rip Out Their Heart, and Eat It Before They Die"

The dominant theme of Health Care Renewal has been how problems with the leadership of health care organizations have lead to our current s...

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Members of the Board of Now Bankrupt Lehman Brothers as Leaders of Health Care?

In our own Providence Journal, Michael Hiltzik <a href="http://www.projo.com/opinion/contributors/content/CT_hiltz20_03-20-10_7EHQ7MI_v20.405673a.html">commented</a> about the Valukas report on the fall of the once proud Lehman Brothers.  He asserted that one of the lessons learned from the case is the "folly of relying on self-discipline and self-regulation in the financial markets," particularly given the irresponsibility of the top leaders of financial corporations. In particular, <br /><blockquote>I’d love to hear an argument for allowing any of Lehman’s independent directors, who seem seldom to have asked a penetrating question, ever to serve on a corporate board again.<br /><br />As I write, those 10 directors, who pulled down better than $100,000 cash a year to sit jointly in the driver’s seat for Lehman’s race to disaster, still boast at least 15 company directorships among them. <em>Does this make you confident that corporate America is in good hands? Me neither.</em></blockquote><br />It also should not make us confident that health care, and academic medicine, in the US and elsewhere, are in good hands. Hiltzik declined to name the members of the Lehman board, or identify the other organizations that they lead.  One can find a list of the directors who presided over the demise of Lehman in the company's <a href="http://www.sec.gov/Archives/edgar/data/806085/000104746908002261/a2183244zdef14a.htm">2008 proxy statement</a>. It turns out that while they were presiding over Lehman's collapse, they also were presiding over the direction of some major health care organizations, to wit:<br /><br /><blockquote>MICHAEL L. AINSLIE Director since 1996<br /><br />Trustee of <strong>Vanderbilt University</strong> [including the School of Medicine]<br /><br />JOHN F. AKERS Director since 1996<br /><br />ROGER S. BERLIND Director since 1985<br /><br />MARSHA JOHNSON EVANS Director since 2004<br /><br />Ms. Evans served as President and Chief Executive Officer of the <strong>American Red Cross</strong> from August 2002 to December 2005. <br /><br />RICHARD S. FULD, JR. Director since 1990<br /><br />serves on the Board of Trustees of ... <strong>New York-Presbyterian Hospital</strong><br /><br />SIR CHRISTOPHER GENT Director since 2003<br /><br />Non-Executive Chairman of <strong>GlaxoSmithKline plc</strong>.<br /><br />JERRY A. GRUNDHOFER<br /><br />Mr. Grundhofer is a director of <a href="http://www.ecolab.com/MarketsServed/Healthcare.asp"><strong>Ecolab, Inc</strong> </a>["As a leader in infection prevention, Ecolab provides products, tools, training and service to healthcare facilities to help prevent the spread of healthcare acquired infections.]<br /><br />ROLAND A. HERNANDEZ Director since 2005<br /><br />HENRY KAUFMAN Director since 1995<br /><br />a Member of the Board of Trustees of <strong>New York University</strong> [including the School of Medicine]<br /><br />a Member of the Board of Governors of <strong>Tel-Aviv University</strong> [including the Sackler Faculty of Medicine]<br /><br />JOHN D. MACOMBER Director since 1994<br /><br />[Also, a member of the board of directors of <a href="http://www.warrenpharma.com/pages/bios/Macomber.html"><strong>Warren Pharmaceuticals</strong></a>, "a privately held biotech company, incorporated in 2001 for the purpose of developing proprietary tissue-protective technologies."<br /><br /></blockquote><br />So, collectively, the confidence uninspiring members of the board of the now defunct Lehman Brothers also were on the boards of two major US and one major Israeli university that include well-known medical schools, one major health care related charity, one major British multi-national pharmaceutical company, a prestigious academic medical center, a large public for-profit US company with major health care interests, and a small, privately held biotechnology company.  <br /><br />We have another vivid illustration in the aftermath of the global economic collapse, and in an ongoing health care crisis, how some of the problems of health care, and academic medicine in particular, may have been at least enabled by leadership more used to working in an increasingly amoral marketplace than to upholding the academic mission. All health care organizations, for-profit and not-for-profit, those in the US and those in other countries, need leaders who value their health care and academic missions more than simply the money they may bring in.

Members of the Board of Now Bankrupt Lehman Brothers as Leaders of Health Care?

In our own Providence Journal, Michael Hiltzik  commented about the Valukas report on the fall of the once proud Lehman Brothers.  He asser...

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