Nationwide insurance markets that ensure broad and vigorous competition will wring out excess costs, overhead, and bloated executive compensation.

CNN: McCain's October 11, 2007, speech on health care

Imagine a chief executive trusting an underling without hovering overhead and swooping down to micromanage at the first sign of trouble.

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Mr Morgan, who replaced Matthew Lowry as interim chief executive in February, said jobs would be lost in the "corporate overhead of the organisation".

BBC: Frontline hospital jobs in Rotherham are 'fairly safe'