Generic Hospice

When hospice reverts to the lowest common denominator and leaders obsess about metrics, it's time to speak. Self-inflated leaders assume clinicians give until their backs break, given no raises for years. A clinical ladder is a rainbow’s pot of gold. Others have a sorrier job and must be motivated by money. Abysmal leaders dangle extrinsic rewards for admission, hiring and EDBITA targets. “Sign on” bonuses entice people into a poor work environment. Employees’ voice equals their raise, zero.

Tuesday, April 5, 2016

Kindred's Shameless Executive Compensation Made Public

President Ben Breier received nearly $5.5 million in executive pay.

Kindred at Home President David Causby's pay, fueled by his second $1 million event under Kindred, got over $4.4 million. His first $1 million event came in lump sum cash, the second $1 million was bonus money.

However the oddest compensation went to Kindred CFO Stephen Farber who needed $2.15 million to flee a dangerous neighborhood of millionaires incapable of sharing a driveway. Kindred's board did not call the police, but instead wrote a check for nearly $500,000 more than Farber paid for the house, throwing in an additional $250,000 in moving expenses (on top of the $110,000 for moving expenses in 2014).

Kindred executives look out after their own. The other 101,500 employees aren't so lucky.

Saturday, April 2, 2016

No April Fools: Breier Gets $3.5 million in Restricted Stock

StrangeTony

Kindred CEO Ben Breier received 283,203 shares of restricted stock on March 24, 2016. Kindred's stock closed at $12.57 per share on April 1 giving Breier $3.5 million from one portion of his executive compensation package. That's no April Fool's joke but a sad reflection of misplaced priorities.

Hospice roots are antithetical to leadership greed which spread like a cancer in the last ten to fifteen years. Ethically our hospice site is dead, rotting from the head down. Fortunately, we still have a few people who live and breath the origins of the hospice movement. When they leave or retire the stink will spread.

The question is how much Ben Breier will have earned in total compensation by then. We'll get a peek at his 2015 pay soon enough. The executive money trough is full and overflowing. I bet the pigs don't even need calling.

Anonymous (from Dredkin)