24-hour CEOWhile listening in on the AGM webcast last week I noticed on my world clock (it's always on one of my monitors) that the meeting started after midnight in Adelaide, Australia. It was over at 01:30 AM for DrDR.
I've talked to DrDR before about the hours she keeps, talking to the North American and European pharmaceutical industry executives at really weird hours in Australia. In the summer, Adelaide is 17.5 hours ahead of Pacific Daylight Savings Time. It's 18.5 hours ahead of me in the winter, currently 15.5 hours ahead of the east coast (EST). And she's 10.5 hours ahead of London, UK.
I'm getting a little cranky over those who think she works part time. Midday in Australia happens when the East Coast of NA and Europe are sleeping or about to sleep and while the West Coast of NA is shutting down.
DrDR's business hours are horrible, but I would contend that during Adelaide's midday hours DrDR is free from almost all connections that relate to Bioasis. In other words, in Adelaide, she's free during her mid-day hours to surf, swim, read a book, run Carina Biotech or to do anything else she wants to get her jollies.
This "part-time" stuff is nonsense, as I believe you will soon see. She needs the support of shareholders because you can be assured that efforts to run her down here on SH or anywhere else are noticed by partners and potential partners. They all follow SH and they have a financial interest in putting pressure on Bioasis if they think for a moment that the BoD and executive do not have the full support of shareholders.
She's closer to a 24-hour CEO than to a part time CEO and it's time for a few people here and in my world to stop the nonsense about it.
jd