TSXV:BTI.H - Post by User
Comment by
Boomskidon Jan 25, 2023 7:45am
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Post# 35244502
RE:RE:Hey narmac
RE:RE:Hey narmacIt's been a question raised for years about the odds of hiring a scientist as CEO who is also a good manager, financier, strategic thinker, and entrepreneur. (Dr. Ryan Watts, CEO of Denali makes the case that they exist, but he already has a job.)
There is a persistent notion that any person smart enough to acquire a PhD must surely be smart enough to be a corporate leader. I have debated this with PhDs and physicians. My contention has always been that the achievement of acquiring a PhD may be as much a function of ambition and will power as it is of higher intelligence and innate capabilities. Some highly educated people are not suitable for leadership roles. Conversely, we all know of less educated people who are fantastic leaders,, managers and entrepreneurs.
I would love to have an hour with John Hemeon. He was hired into the top levels of Tim Hortons un the midst of a very successful period with Sysco. He was pitched by several companies to become CEO after the new owners of Tim Hortons replaced top management of TH with their own management people.
As a Bioasis board member for 3 years, being the only serious shareholder on the BoD, and with his background, I'd love to pick his brain about Bioasis. He's a corporate guy who is used to functioning within corporate hierarchies but he also showed aggressive strategic, management and entrepreneurial skills in his career. He is not the product of only naked ambition. He has serious capabilities.
I have no idea whether he would discuss Bioasis in any context with anybody outside of the BoD but he could be very intersting to have a serious chat with.
I agree that a very capable CEO could be found outside the world of science. In fact, a real harda$$ CEO could be complemented by a dedicated and relevantly experienced scientist as Chief Science Officer.
In BD negotiations, pharmas throw their BD guys up against companies like Bioasis. With Ladenburg Thalmann, Bioasis was dealing with Madison Avenue and Wall St sharks. It may be the best thing to put a real business person in charge. Relevant scientific expertise can be hired. Corporate leadership is much harder to find.
Love your thoughts on this, narmac.
jd