Despite not having worked for Northeast Health System, based in Beverly, Mass., for almost four years, former CEO Stephen Laverty is still collecting severance payments, according to a Gloucester Times report.
According to records obtained by the newspaper, Mr. Laverty received $573,348 in severance in 2011, the second straight year he has received a payment. In 2010, he took in $990,356, putting his total buyout thus far at more than $1.56 million.
Mr. Laverty resigned as CEO of NHS and Beverly Hospital in November 2008 after physicians and nurses each issued no-confidence votes against him, according to the report.
Beverly Hospital released this statement to the Gloucester Times: "We cannot comment on Mr. Laverty or the terms of any agreements between the company and past employees."
According to records obtained by the newspaper, Mr. Laverty received $573,348 in severance in 2011, the second straight year he has received a payment. In 2010, he took in $990,356, putting his total buyout thus far at more than $1.56 million.
Mr. Laverty resigned as CEO of NHS and Beverly Hospital in November 2008 after physicians and nurses each issued no-confidence votes against him, according to the report.
Beverly Hospital released this statement to the Gloucester Times: "We cannot comment on Mr. Laverty or the terms of any agreements between the company and past employees."
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