Good morning bloggers! TSB apologizes for not getting more posts out this week. Fortunately, we had to follow up a multitude of e-mail leads on the status of Michael DeMane and the potential of he leading Lanx as its CEO. Before TSB comments on the situation, we would like to personally thank those bloggers that provided us with this story prior to its public release.
On Wednesday, June 30th, 2010 Lanx announced via its publicist that Michael DeMane has declined to assume the role of Chaiman and CEO of Lanx, but no Thanx. He will assist the company as a consultant. Michael, TSB hopes you take them for everything that you can get, considering that companies that hire consultants to lead them as an interim leader are poorly led and managed witnessed by the US Spine debacle.
In seven years since its inception, Lanx has had more turnover than any other company in the industry. Companies like Lanx lack true leadership being run by surgeons and individuals with no people skills. So what does this say about Lanx and some of our bloggers that reacted to our original post regarding DeMane? Maybe Lanx should become a case study at the Harvard Business School?
Lanx possesses a strong and comprehensive portfolio? Well, if you are Goldman Sachs you believe that because you wouldn't understand product you only understand numbers. A company built on one product, the Aspen, playing in a zero sum market equals eventual inertia. A deep management team? If you call constant turnover deep, then Lanx is deep in turnover. Anyone can hire a publicist to paint rosey pictures of an organization that is in such a state of disarray regardless of its success that its truly at a crossroad, meaning that it will take a complete restructuring of the leadership team which includes getting rid of the original founders. Either buy them out, or die a slow death.
As for our fellow bloggers reaction to our original post, remember one of our favorite expressions, "what you see if not necessarily what you get." TSB wants to know what our readers thing?