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.

Monday, February 12, 2018

Raining Riches for Kindred Executives

Strange Tony,

Thought you and Former Gentiva CEO Tony Strange would be interested in these tables from Kindred filings with the Securities and Exchange Commission. They show how much Kindred executives make by selling the company on the cheap to Humana and two private equity firms.

Kindred President Ben Breier will be enriched by nearly $25 million and David Causby by over $6.5 million under the deal provisions. Each man could garner more from the $10 million retention bonus pool.

The Executive Team gets a king's ransom for selling out after consistently missing performance expectations. What's wrong with this picture?

Anonymous (inside the now absurd Kindredful)

2 comments:

Joshua KattFebruary 17, 2018 at 5:40 PM
Ponderous, simply ponderous. And nothing we can do but smile, smile, smile...
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AnonymousMarch 16, 2018 at 2:04 PM
Once again they walk away with MILLIONS while they cut our bonuses by 20% again!
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