Outgoing Erlanger Health System CEO Jim Brexler will not receive a severance package worth roughly $727,000 after the Chattanooga, Tenn.-based hospital board of trustees voted against the measure, according to a Chattanooga Times Free Press report.
The board voted to unanimously to accept his resignation, but members were gridlocked in a 4-4 vote on the severance pay, according to the report. Members are stuck on how much a severance package for Mr. Brexler should actually be worth, as some believe the proposed payout was too high.
One of Mr. Brexler's contract terms allows the board and Mr. Brexler to come to a voluntary agreement on a severance package, and the two sides plan to "continue to negotiate in good faith," according to the report.
Another former Erlanger CEO, Charles Stewart of Erlanger at Hutcheson in Fort Oglethorpe, Ga., had his severance package rejected recently as well.
The board voted to unanimously to accept his resignation, but members were gridlocked in a 4-4 vote on the severance pay, according to the report. Members are stuck on how much a severance package for Mr. Brexler should actually be worth, as some believe the proposed payout was too high.
One of Mr. Brexler's contract terms allows the board and Mr. Brexler to come to a voluntary agreement on a severance package, and the two sides plan to "continue to negotiate in good faith," according to the report.
Another former Erlanger CEO, Charles Stewart of Erlanger at Hutcheson in Fort Oglethorpe, Ga., had his severance package rejected recently as well.
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