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Updates, Including Bob Steel's Latest

By K.C. Johnson

If I were looking for the identity of someone least likely to be named trustee for a major hospital, former Duke BOT chairman Bob Steel would be high on the list. Leaving aside Steel's ill-fated performance at Wachovia, Duke under Steel's leadership paid out millions of dollars in settlements and legal fees from lawsuits stimulated, in large part, by the dubious conduct at Duke University Hospital.And yet, as Dr. Roy Poses reports at the fine blog Health Care Renewal, the Hospital for Special Surgery has just appointed none other than . . . Bob Steel . . . as its newest trustee.Poses concludes, correctly if sadly, "Mr Steel's unlikely career trajectory shows how once someone becomes a member of the superclass, the new power elite that spans business, government, and academics, that person is likely to continue to wield power no matter how poor his or her track-record, to the detriment of nearly everyone else...continue to full post

Full post as published by Durham-in-Wonderland on October 05, 2009 (boomark / email).