"Buffeted by covid-19, struggling with crumbling finances, one of America’s largest nursing home chains gave its CEO a $5.2 million “retention payment” in late October, just as the second big wave of the pandemic was rising." #UnionsForAll washingtonpost.com/business/2021/…
"The Genesis board also agreed to give him an immediate $650,000 bonus and a $300,000 consulting contract, according to the filing. The company would not elaborate on the arrangement." #ProtectAllWorkers
"Nearly all of the company’s nursing homes reported continuing shortages of personal protective equipment... according to a Washington Post analysis... with the situation easing only toward the end of November — after Hager’s big payout was approved."
"The company noted Hager’s base salary of $900,000 had not been increased since 2017. He also received a $935,000 annual bonus in 2020."
"In addition to approving the retention payment for Hager, the Genesis board also decided in October to put aside $2.1 million in a trust the company described as beyond the reach of creditors, to be used for bonuses for seven of the company’s high-ranking officers."
"Through the spring, summer and early fall, most Genesis nursing homes reported shortages every week of masks and protective eye gear."
• • •
Missing some Tweet in this thread? You can try to
force a refresh
