Tag Archives: Cardinal Health

George Barrett: CEO Rediscovers His Musical Roots

George Barrett accomplished lots in life. He played varsity soccer at Brown University, taught at Horace Mann, and was CEO of a Fortune 25 company.

But in 2016, he had a chance to play with The Who’s Roger Daltrey.

“Finally, I felt like I was home again,” says the 1973 Staples High School graduate.

As CEO of Cardinal Health — the Ohio-based multinational distributor of pharmaceuticals, medical  and lab products — Barrett often traveled with his guitar.

But, the former Orphenian — who had sung professionally in New York, and considered a musical career — said, “I was hesitant to perform in public. I didn’t know how that would be seen.”

The Daltrey gig — at a company event — was a turning point. “People saw a side of me they hadn’t known,” Barrett says.

Encouraged, he began performing with the Columbus Symphony Orchestra, and jazz and chamber groups.

Now — at the age of 68 — he’s released his first record. Fittingly, it’s a collaboration with Grammy Award-winning producer/composer/arranger — and 1971 Staples grad — Brian Keane.

George Barrett (Photo/David McClister)

Barrett and Keane first met playing youth sports in Westport. Now, at Keane’s Monroe studio — and with an all-star band of musicians and backup singers — they’re together again.

Barrett and his 4 siblings — all musically talented — were part of a noted local family. His father Herb was a psychologist; his mother Lou was a Staples High School English teacher and poet.

George Barrett, Staples basketball star.

Barrett grew up as both a musician and athlete. Starring in soccer, basketball and baseball at Staples, he was always encouraged seeing Orphenians director George Weigle — with whom he toured Europe — at his games.

“No one forced me to make a choice. I was celebrated for doing both music and sports,” he says. He felt similarly supported at Brown, where Barrett — whose parents had helped build Temple Israel — moonlighted singing in church choirs.

After college he taught history and music, and coached soccer and baseball, at Horace Mann, the prestigious New York prep school. Meanwhile, he played music in Greenwich Village clubs like the Bitter End, did session work and recorded jingles.

“It was a crazy life,” he notes.

But while he loved “the music part of business” — being on stage — he did not enjoy other aspects. Offered a chance to move to Los Angeles, as part of the late-’70s soft rock scene, he said no.

A series of unexpected events — including going into business with his then-wife’s family — led to a career he’d never envisioned: pharmaceuticals. The dual history and music major had taken only one business course at Brown, but he earned an MBA at New York University.

The small family business exposed him to everything. Ten years later, Barrett ran the firm.

It was then acquired by a company in Norway. The CEO asked him to run its American subsidiary, in Baltimore.

Barrett was 34 years old. He “learned to lead” from older employees. “They gave me a great gift,” he says.

In 1998 he began running US operations for Israel-based Teva, the world’s largest manufacturer of generic drugs. Eight years later he was offered its CEO spot. But instead of relocating to Israel, he joined Cardinal Health, an American firm, as vice chairman. Two years later, he was named CEO.

Barrett calls his decade there “an incredible experience. I worked with great people. It was a blessing.”

Yet all along, music was never far from his heart. So despite his post-Cardinal Health work — teaching at the Columbia University School of Public Health and NYU Business School, policy work in Washington, consulting, and board work with Brown, the Business Roundtable and the Rock & Roll Hall of Fame — when he was looking for a second (okay, fifth or sixth) act, he asked Keane for an honest assessment.

Brian Keane

They talked, played and made a demo tape.

“I think there’s something there,” Keane said.

That was all Barrett needed to hear.

Tapping into Keane’s vast network of musical contacts, Barrett worked on an album. His goal was to cross genres and age brackets.

A year and a half later, “Not Alone” has just been released. There’s a single from the album too — and a video.

“It feels like a rebirth,” says Barrett, of his first time back in a studio in decades. “I’m hearing my music now — with real horns and guitars and backup singers — the way I was hearing it in my head. Everyone has been sensational.”

The response from fellow musicians has been important. He recorded with, among others, jazz legends Cyrus Chestnut and Eddie Gomez, Billy Drummond, Dave Mann, Joe Bonadillo, “Saturday Night Live” drummer Sean Pelton — and his brother, cellist Dan Barrett.

Keane accompanied Barrett on guitar. Backup singers toured with Bruce Springsteen.

“I had been away from that community for so long. I was wondering: Am I a businessman with a hobby, or a real musician? Their welcome was very gratifying,” Barrett says.

“Not Alone” has been released on all platforms. It crosses genres: Americana, bluegrass, gospel, country, blues, classical, rock, funk and jazz. Most of the songs were written by Barrett, though it includes Richard Rodgers covers.

Barrett does not want to be known as “the singing business guy.” He hopes his music “speaks for itself, and for me — organically and gently.”

Though he’s never been active on social media, he now has a music website, an Instagram and a Facebook page. “That’s another learning experience,” he laughs.

Speaking of learning: At 68, does Barrett see his age as a deterrent?

“It’s less about age, than stage of life,” he counters. “If I was younger, I might do a national tour. But I’ll just perform selectively now.”

Still, he is “as excited and enthusiastic as when I was 24. I enjoy music as much as I ever did.”

Keane and Barrett have talked about performing in Westport. His ties here remain strong. “When I sit at the bench at the beach dedicated to my parents, my youth comes flooding back,” Barrett says.

That youth includes playing at long-gone venues like Grassroots, on Post Road West just over the bridge.

“You don’t realize until you leave just how special this community is,” says Barrett.

It’s a community where the artist who just released “Not Alone” grew up.

And never felt alone.

(Click here for “Not Alone,” on a variety of streaming platforms. Click here for George Barrett’s music website.))

(“06880” often chronicles the intriguing lives of talented Staples High School graduates. Please click here to support our work. Thank you!)

George Barrett Manages Healthcare, And Change

George Barrett– the 1973 Staples grad who starred in soccer, basketball and baseball and sang with the Orphenians — has had a storied career.

After graduating from Brown University with a double major in history and music, he taught and coached at Horace Mann, performed opera and folk music professionally, and got an MBA from NYU.

Today — hey, why not? — he’s chairman and CEO of Cardinal Health, the enormous healthcare company ranked #26 on the Fortune 500. He serves on many civic and charitable boards (including the Rock & Roll Hall of Fame), and has an honorary doctorate from LIU.

Recently, Institutional Investor spoke to Barrett. He discussed a number of topics, including the vast changes sweeping healthcare.

George Barrett (Photo/Andrew Spear for Institutional Investor)

George Barrett (Photo/Andrew Spear for Institutional Investor)

Among the questions and answers:

Talk about the incredible changes taking place in health care, including the ACA.

These were the changes we were thinking about back in 2009, when we started to regroup. It’s well beyond the Affordable Care Act, which hadn’t yet been implemented. Demographic changes are tremendous. We have a dramatically aging population. We have 11 million people today over the age of 80. That number will double by 2025. This is just in the U.S., but it’s happening globally as well. As you know, older people are higher consumers of health care products and services. That creates economic pressures. How are we going to give these people access? We are spending around 18 percent of GDP on health care, crowding out spending on other issues like infrastructure and education.

Innovation is also transforming health care and our ability not only to prolong life and treat disease, but in some cases to cure diseases and repair physical pathologies with medical devices. Finally, the big trend is consumers becoming more like consumers, meaning they will have a greater role in their own health and, ideally, in their own wellness.

How do these forces change what you do as a company?

It changes everything: how we deliver care, in what setting we deliver care and by whom. How do you measure the quality of the care over time and, of course, who pays for it?

What’s the most difficult part of planning for that?

Cardinal Health logoWell, the easier part was clearly having a point of view on what kind of changes would occur. The hardest part, in a way, is managing pace. It wasn’t impossible to imagine some of the changes or how they might play out, although getting them all right is, of course, impossible. What’s most difficult is over what time period. How fast does it occur? How dramatic are the changes?

As a leader, that’s actually one of the biggest challenges. I could assume that change will happen as it has historically, just rather slowly, and you just stick exactly to what got you there. Then you run the risk of really being disrupted or blindsided. On the other hand, you can assume that change is going to occur overnight, very fast. You’re so preoccupied with the future you’re not focusing on the disciplines of competing in today’s world, and you get hurt in your core activities, and you’re sort of out over your skis on the future. I think this issue of managing pace is important. I remind the organization all the time that we need to compete to win in the world as we know it today, and — it’s an and, not an or — have a clear point of view on some of these future trends and make some thoughtful, disciplined, measured bets on the long term.

Health care is obviously a big issue in the upcoming U.S. presidential election. There may be enormous changes coming regardless of which party wins. How do you plan around that?

George Barrett (Photo/Stephen Webster for Barrons)

George Barrett (Photo/Stephen Webster for Barrons)

I mentioned earlier that it’s hard to judge pace. Now add the complexity of the political year and the political discourse, which can be headline driving, but not necessarily deeply informed as to what’s happening on the ground in health care. I think we have to remind ourselves that what’s happening in the trenches is often different than what’s happening in the news.

It’s going to be a year where there’s a lot of discussion in the political realm about health care. There are certainly those who continue to talk about whether the Affordable Care Act is going to be repealed. I think undoing that is extremely difficult and we would not bet on that. I do think, like any piece of large social legislation, it will probably be modified over time. I don’t think that would be unusual. I think for us the key is staying agile, having a point of view on the future, making sure we have a seat at the table as we’re thinking about policy changes and that our voice is heard.

(To read the entire interview, click here. Hat tip: Michael Mahoney)