Tenet hands Jeb Bush a big windfall

[Judi Lynn]

Source: Miami Herald

Posted on Fri, May. 11, 2007
Tenet hands Jeb Bush a big windfall

Jeb Bush will get over $450,000 in the next year from Tenet for being a board member -- about three times what the average director makes at major U.S. corporations.
BY JOHN DORSCHNER
[e-mail]

Shareholders officially elected former Gov. Jeb Bush to the board of Tenet Healthcare on Thursday -- a part-time job that will bring him over $450,000 in the next year.
(snip)

For this, Bush has already received 34,667 shares worth $260,000, which he has registered with the Securities and Exchange Commission. He will receive a $65,000 annual retainer fee, plus $1,500 per board meeting and $1,200 per committee meeting attended. And finally, he will get $130,000 annually in stock for each year he's on the board.
(snip)

By putting an emphasis on stock compensation, Tenet is rewarding directors for the company's performance, Ramirez said. With a company like Tenet, which has had to deal with many Medicare fraud accusations, ``it's going to be harder to attract the kind of leadership to move the company forward, so naturally it's going to cost a little bit more to attract them.''

Ramirez thought Bush would be a great help to Tenet, with his background in government and business. ``Just getting them off God-knows-how many watch lists they're on right now would certainly be a big step.''




Read more: http://www.miamiherald.com/103/story/103128.html

[AndyA]

1. Can you imagine? A load like Jeb being paid this much?

He's the kind of guy who takes a crap in a public rest room, then doesn't flush when he's through. He just leaves it to stink up the place and force others to deal with his waste.

He also doesn't wash his hands, so be sure to open the door with a paper towel as you leave...

Disgraceful. America does not deserve to be inflicted with The Bush Crime Family™.

[lonestarnot]

4. prollee picks his nose and wipes it on the wall too.

[Turbineguy]

2. If you get caught stealing

it's because you are a lousy thief.

Time to bring some better thieves on board.

[struggle4progress]

3. America's Healthcare Scandal

August 23, 2003
America's Healthcare Scandal
Marketplace Medicine
By DAVE LINDORFF

~snip~ Consider the tale of Tenet Healthcare, one of the nation's largest for-profit hospital chains. A few days ago, Tenet agreed to pay a $54-million fine to the federal government, in the words of the New York Times, "to resolve accusations" that the company's hospital in Redding California had in conjunction with several of its doctors conducted unneeded heart operations on hundreds of patients who did not need such costly, invasive and life-threatening procedures. As is common in such corporate settlements with the government, Tenet (no stranger to scandal) was allowed to settle without having to admit guilt--a nice concession by the government, since it makes it much harder for those hundreds of victims of the surgeons' knives to sue for malpractice damages than if the hospital company had been forced to admit its craven behavior.

Here's a scandal that simply could not occur in a society with public medicine: Unnecessary heart surgery, performed on hundreds of people because the doctors and the hospital saw a way to make millions of dollars.

Tenet, in fact, is a new name adopted by a company once known as National Medical Enterprises. The name change was in large part an effort to distance the firm from its sordid past, which included an enormous scandal involving NME's psychiatric hospitals, which were hit with one of the largest fines in the history of the U.S. Department of Health and Human Services for reportedly keeping psychiatric patients overlong in the hospital, often against the patients' wishes, so as to collect more from Medicare and insurers. After a change in top management, the company emerged from that scandal, largely intact but with a new alias, though not, as the Redding Medical Center case demonstrates, with a new ethical standard. ~snip~

http://www.counterpunch.org/lindorff08232003.html

[alfredo]

9. They want Jeb to help them get off watch lists. How will he do that?

Will he bring in a new era of ethics, or use his political clout to have their records scrubbed?

[Judi Lynn]

10. They were astonishingly blatant about it, too. They must be very confident

he and his realm of thugs will protect them.

[alfredo]

12. The only thing a bush boy is good for:

political influence.

[Demonaut]

5. chump change to compared to cheney/bush and cronies

theft of the treasury

[RUMMYisFROSTED]

6. Half a mil is chump change?

I guess I shouldn't have fought being a chump so badly.

[Judi Lynn]

11. DU'er "seafan," from Florida pointed out that when it's all detailed,

the number of days he works to get that figure averages out to $37,000.00 per day!

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2841655#2841736

That's just odd! How greedy can someone get?

[Neshanic]

7. I smell a Bush gettin' ready for the White House in 2012...

Of course Tenet will have the complete revisionist history of why bigger and stupider will need to be Prez.

[SoCalDem]

8. and probably free healthcare for his family too.. n.t