Now the board of directors has been shrunk to five people from 12, and will also be called the governing board, according to a statement from Ms. Holmes provided by a company spokeswoman.
A board of 12 is way beyond the level where it can typically provide oversight and is generally captured by management. 5 is a much more reasonable number, although the hole they've dug themselves into sure looks deep.
No mention of Rumsfeld, who was a CEO of two biotech firms between the Ford and Bush II administrations, and it should be noted that former Senator Frist is a heart and lung transplant surgeon (trivia per Wikipedia, he operated on David Petraeus in 1991 after a gun shot in a training accident). The board has deservedly come in for criticism due to celebrity members, but at least these two had a clue.
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[ 2.9 ms ] story [ 18.5 ms ] threadA board of 12 is way beyond the level where it can typically provide oversight and is generally captured by management. 5 is a much more reasonable number, although the hole they've dug themselves into sure looks deep.
No mention of Rumsfeld, who was a CEO of two biotech firms between the Ford and Bush II administrations, and it should be noted that former Senator Frist is a heart and lung transplant surgeon (trivia per Wikipedia, he operated on David Petraeus in 1991 after a gun shot in a training accident). The board has deservedly come in for criticism due to celebrity members, but at least these two had a clue.