A board member of the Salinas (Calif.) Valley Memorial Healthcare System has said former CEO Sam Downing earned his $4.9 million in special retirement pay, according to a Californian report.
Nathan Olivas, who has been a member of the SVMH board for 29 years, said Mr. Downing helped transform the organization "from a rural facility, providing basic services, to one of the finest hospitals in the country," according to his commentary in the Californian. Mr. Olivas also praised the former CEO's improvement of the hospital's finances.
Read the Californian report on Nathan Olivas' defense of the former SVMH CEO's compensation.
Read Nathan Olivas' commentary in the Californian on Sam Downing's compensation.
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Nathan Olivas, who has been a member of the SVMH board for 29 years, said Mr. Downing helped transform the organization "from a rural facility, providing basic services, to one of the finest hospitals in the country," according to his commentary in the Californian. Mr. Olivas also praised the former CEO's improvement of the hospital's finances.
Read the Californian report on Nathan Olivas' defense of the former SVMH CEO's compensation.
Read Nathan Olivas' commentary in the Californian on Sam Downing's compensation.
Related Articles on Compensation for Former SVMH CEO Sam Downing:
State Audit Will Probe Executive Compensation at California's Salinas Valley Memorial
Hospital CEO's Supplemental Retirement Pay Under Fire in California
Salinas Valley Memorial Healthcare Officials Defend CEO's $4M Retirement Package