Saturday, April 15, 2017
Kindred Close to Flipping Farber House for Big Loss
Kindred has a contingent contract on the Glenview Avenue home it purchased from Chief Financial Officer Stephen Farber to solve an un-neighborly conflict. The contingent sale price is $200,000 below the $2.15 million Kindred paid Farber in December 2015. The company will lose much more on the house as it installed a private driveway, which at one point had an estimated $300,000 price tag.
That's quite an executive subsidy. My hospice co-workers struggle to pay for prescriptions and physician visits under our ever worsening health insurance. For many there is nothing left to set aside for retirement as bills increase far more than company pay.
Kindred President Ben Breier thanked employees for helping him make $7 million last year. His outlandish pay is a "direct result of our efforts." I'm not sure how he and his fellow C-Suiters can sleep at night. Surely they know they can't take it with them.
As social workers, nurses, and chaplains we get the joy of being with, listening to and helping hospice patients and their families. That blessing is the balm for Kindred's dismissive stance on our needs for living.
Happy Easter! May it bring renewal, peace, joy and a focus on things eternal.
Anonymous (from Kindred which has a $7 million man)