Otis Story, former CEO of Grady Memorial Hospital in Atlanta, has settled a lawsuit with the hospital over his dismissal, which he says was orchestrated by another former CEO, Pamela Stephenson, so she could take over the position, according to a report in the Atlanta Journal-Constitution.
Mr. Story and Grady have agreed to terms and have drawn up legal papers that must be signed. Officials from Grady did not give an exact figure for the settlement but said that Mr. Story would receive "less than a year's salary," according to the report. Mr. Story was earning $600,000 when he was fired last year.
Read the Journal-Constitution's report about the former Grady CEO settlement.