The board of directors of Erlanger at Hutcheson in Fort Oglethorpe, Ga., recently voted to stop the severance payments for former President and CEO Charles Stewart, according to a Times Free Press report.
Stewart resigned from Erlanger at Hutcheson in Feb. 2011, and the previous board approved a 15-month severance package worth up to $407,000, according to the report.
Chattanooga, Tenn.-based Erlanger Health System took over Erlanger at Hutcheson, previously known as Hutcheson Medical Center, in May 2011 after it had reported millions in losses, defaulted on a $35-million bond and laid off 75 employees.
Hutcheson Board Chairman Corky Jewell said in the report that Mr. Stewart "failed to take care of business" and "there were some oversights [and] occasions of improper management by the previous administration."
Stewart resigned from Erlanger at Hutcheson in Feb. 2011, and the previous board approved a 15-month severance package worth up to $407,000, according to the report.
Chattanooga, Tenn.-based Erlanger Health System took over Erlanger at Hutcheson, previously known as Hutcheson Medical Center, in May 2011 after it had reported millions in losses, defaulted on a $35-million bond and laid off 75 employees.
Hutcheson Board Chairman Corky Jewell said in the report that Mr. Stewart "failed to take care of business" and "there were some oversights [and] occasions of improper management by the previous administration."
Related Articles on Healthcare Severance Pay:
New Jersey's Hoboken Municipal Hospital Authority Defends Former CEO's Buyout
Hoboken University Hospital's CEO Received $600K Severance as Hospital Filed for Bankruptcy
BCBS of Massachusetts Repays Customers Former CEO's $4.26M Severance Pay