Word: barbakow
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Dates: during 1993-1993
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...shakeup at National Medical, a troubled behemoth that faces $750 million in lawsuits for allegedly overbilling insurance companies. While Heckendorn claims to have been the handpicked successor of Richard Eamer, a co-founder of the firm who stepped aside in the shuffle, the top job went instead to Jeffrey Barbakow, a National Medical director and former executive of the securities firm Donaldson, Lufkin & Jenrette. According to Heckendorn's suit, influential board members rebelled at the thought of a female CEO and called the idea crazy. After taking over, Barbakow ousted Heckendorn from the board as part of a move...
...contends that Heckendorn's ouster was unrelated to her gender. "You look at most of today's boards, and they are all going in the same direction, where they are comprised essentially of outside directors," says Barbakow. Bernice Bratter, a counseling center director who was the first ! woman from outside National Medical to gain a seat on its board, disputes Heckendorn's account of old-boyism among the directors. "I just don't know what she's referring to," Bratter says. "I've had a wonderful experience being on this board. I've been treated politely and with respect...
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