Unbelievable how the shareholders are tolerating such incompetence, buffonery, & neglect.
First of all, Zimmer Biomet is headquartered in Warsaw, Indiana. It is not headquartered in Stamford, CT or Miami, FL. I am not aware of any large corporation where the CEO is not based out of the company's headquarters and/or other major company location. If Hanson doesn't show up to work at company headquarters, he needs to be fired.
The distraction and drama from the wife of Hanson is unacceptable. No other large corporation has problems with the spouse of a president/CEO interfering in company business. This is unheard of. I am stunned that the board of directors and shareholders haven't said anything about this. Hanson's wife even posted a video of herself pole dancing on the internet. Hanson does not take his job seriously. Enough said.
The stock performance of ZBH when compared to its peers in the orthopedics industry during Hanson's tenure is unacceptable. I would not be surprised if the votes for executive compensation during the 2023 shareholder's meeting go against the executives. During last year's meeting, 46% of shareholders voted against the executive compensation package.
I truly feel very bad and sorry for the employees, shareholders, and customers of Zimmer Biomet. It is sad to see the decline of a once great company into the circus that it is today.