Kindred Healthcare's partial windfall for Gentiva Executive Chairman Rod Windley and CEO Tony Strange will exceed $21 million. There's another $19.5 million in golden parachute money for this pair. Gentiva's top two will garner over $40 million with millions more available in bonuses, severance and performance cash awards.
The S-4 was posted on Kindred's SEC page on 11-21. It has not yet been posted on Gentiva's SEC page, even though Gentiva shareholders must vote on the deal. That fits given Gentiva's Annual Report to Security Holders has a place but no document was filed for the public to view.
Gentiva's top dogs have a massive payday coming. Rest assured this will not be communicated from the top in an executive memo. I doubt it will make Kindred's Badder Together publication.
Anonymous (from Gentiva)
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