Fixing a financial disaster: Full Ryman chairman interview

Retirement village company Ryman Healthcare just revealed a 98 per cent decline in annual net profit. Now, its board is taking drastic action, including getting rid of half of its executive leaders.

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00:00 - Intro
00:45 - Rescuing Ryman
02:37 - Interview with executive chairman
03:36 - Financial disaster
07:30 - Care v Commerciality
08:46 - Scale of debt
11:08 - The clean up
12:04 - Property valuing
13:13 - Auditors "got comfortable"
14:11 - Executives out
15:02 - Developments canned
16:57 - Dividend suspended
18:25 - Cutting costs
20:03 - Fee changes
25:43 - CEO search
29:18 - Outro

Videography / Editing  | Carson Bluck

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