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Hospital exec’s $4M retirement package blasted

NewsMay 3, 2011

From the Associated Press:

Posted: 05/03/2011 08:19:14 AM PDT

SALINAS, Calif.—Officials at a public hospital district in Salinas are coming under fire after awarding their former CEO nearly $4 million in retirement payments in addition to his regular $150,000-a-year pension.

State Assemblyman Luis Alejo of Watsonville says the retirement package for Samuel Downing, the former chief of the Salinas Valley Memorial Healthcare District, is “unconscionable.”

Read the full AP article at The San Jose Mercury News.