Saturday, June 25, 2016
Causby's Next $1 Million Bonus to Come from Showing Up
On March 30, 2016 Kindred Healthcare added another employment agreement for Kindred at Home CEO David Causby. For staying 16 months with the company Causby will earn another $1,000,000. Causby merely has to make it to August 1, 2017 and his work must be satisfactory.
During this time former Gentiva employees will lose their retirement match from Kindred at Home. It's slated to end December 31, 2016. Causby should have a great 2017 as his pay soars on the backs of those delivering care.
How many Gentiva employees knew about Causby's retention bonus? How many know about the stepped down 401k match for former Gentiva employees? How many know when the company will make good on the match?
Gentiva employees are providing Kindred's synergistic cost savings through greatly reduced benefit contributions from the company. What Kindred pocketed in 2016 should grow exponentially in 2017. That's when the 401k match evaporates completely.
Cauby's agreement was executed by Kindred's Stephen Cunanananan, Chief Peephole Officer. Former Gentiva employees would recognize Cunanananan's role as Vice President for Human Abuse. We're now part of Kindred, where the executive mantra is "My Pay Matters."
Anonymous (from Kindredful)