Thursday, May 3, 2012

George Paz: Performance Speaks Louder Than Words


There are so many big names CEOs who we often see on television dishing out advice left and right on how to run a successful company. True, their work has produced results for their company, which has gotten them the attention. They are also good at being able to market themselves which in itself is not an evil attribute, in fact it is also important for success.

There are other kinds of CEOs who shun the limelight and just go about their work in producing growth and value for their company.  Yet performance is always recognized, so  despite the fact that these types of CEOs don’t give much ,if any, interviews they still get recognized.

Take the case of George Paz, who most people don’t know from Adam. Chief Executive.net recently named him the number one most valuable CEO, for his sterling performance in stewarding  Express Scripts, Inc.  The company is a PBM (pharmacy benefit manager).  Growth and profit has been mainly fueled by acquisitions. The company has been able to successful integrate the businesses it has acquired while maintaining and improving profitable operations.

The company is known for keeping expenses on lease. It gives out free coffee but employees have to provide their own cups. The annual office Christmas parties are not held in some swanky hotel but in the suburban townhouse of Paz.  The CEO is also known to sometimes get his lunch from the company cafeteria.  

The latest move of the publicity shy CEO has been to acquire Medco, a rival company. In 2010 Medco’s revenue was $66 billion as against the $45 billion revenue of Express Script. George Paz and his company was able to pull of this feat.  For Paz his performance has always spoken much larger than his words.

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