American - Businessman | December 17, 1954 -
I am a person who does not subscribe to the hero-CEO school of thought.
Kenneth Frazier
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I fell in love with the science at Merck.
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I'm the last senior executive who was hired by Roy Vagelos. It's an honor, but it also imposes upon me an obligation not only to think about his legacy but also about this company's legacy.
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My job is to make sure that 10 and 15 years from now, people aren't going to say, 'Oh, do you remember Merck?'
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I'm a big believer in institutions.
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Institutions are what allow us to have continuity in civilizations.
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One of the strongest forms of rhetoric in our society is the rhetoric of blame.
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There's no way we can invent enough stuff for a company of Merck's size.
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We need to work together to fairly assess and improve the long-term economic and health value - and affordability - of all components of the healthcare system, including hospitalizations, drugs, devices, and other interventions, to optimize our health investment decisions.
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In a successful health system, the proportion of per-capita health dollars used for home care, outpatient primary care, and preventive services should actually increase, not decrease, relative to those for acute hospital care.
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Competition in our health system is a powerful force of cost-containment.
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I would like people to say that Merck continues to be a company that makes a difference in the world.
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