While the corporate office in Santa Barbara is
expensive, I believe M Focht(Operations) should be in
Dallas. The performance of the company will improve once
the large institutional investors realize what the
Dallas Operational Staff and the regional offices really
contribute and what they really cost in the way of
earnings.If Mike Focht had to manage his divisional and
operational staff like the hospitals had to, earnings would
improve.I would estimate that with all the staff, corporate
perks and airplanes that costs could be reduced by
$30-40 million.