Strange Tony,
Kindred shareholders voted to sell the company to an investor consortium comprised of two private equity firms, Humana and a Canadian pension fund. Of Kindred's 91 million shares over 54 million or 60% received yes votes. The other 40% were negative votes, abstained or simply not voted.
Support for executive compensation in the merger was less robust. 58% voted yes while 42% fit in the non-yes category. Shareholders voted on future executive compensation without knowledge of recent information.
Executive pay for 2017 is yet to be shared in any SEC filing. This is the executive team that trashed its one-stop post acute care strategy and abandoned its call for investor patience, that good times are just around the corner. How will the board reward a C Suite that consistently failed to meet promises before selling out on the cheap? The answer will be revealed, unfortunately a month after the sellout vote foisted by management.
Prior executive teams had the decency to disappear after making millions from their golden parachutes. This team will split and stick around. That means employees can expect more of the same treatment going forward.
Anonymous (Waiting for crumbs to fall from the executive table)
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