Hospital exec’s $4M retirement package blasted
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 […]
Assembly panel may review $4-million retirement package
From The Los Angeles Times: Legislators seek to audit payments augmenting pension for Samuel Downing, former chief of the Salinas Valley Memorial Healthcare District. One lawmaker calls them ‘unconscionable.’ By Sam Allen A state Assembly panel next week will consider launching an audit of a public hospital district in Salinas that awarded its retiring chief […]
NUHW Supports Assemblymember Alejo’s Request for Financial Audit of Salinas Valley Memorial Hospital
Statement from the National Union of Healthcare Workers: The Los Angeles Times reports today that last week, Assemblymember Luis Alejo requested a state financial audit of Salinas Valley Memorial Hospital. According to a letter by Alejo, the purpose of the audit request is to investigate fiscal mismanagement by SVMH’s Board of Directors, and the diversion of hospital […]
LA Times Editors: Big pension in little Salinas
By the Los Angeles Times editorial board: Yet another local government agency in California is under fire for the seemingly outsized compensation paid to one of its employees. This time the spotlight is on the Salinas Valley Memorial Healthcare System and its recently retired chief executive, Samuel Downing. The controversy isn’t Downing’s $150,000 annual pension as much […]
LA Times on SVMH CEO Sam Downing’s Outrageous Pension Payouts
It’s the story of the week: Salinas Valley Memorial Hospital CEO Sam Downing cashes out $4 million in pension benefits on the taxpayers’ dime, even while advocating that the hospital cut frontline caregivers’ jobs to boost its profitability. Read the full story in the Los Angeles Times.