Bill responds to Calif. hospital exec's $4M payout
(AP) – California hospitals would have to reveal more about their executives’ benefits under a bill moving through the Legislature. The Senate on Thursday unanimously approved AB2115, which was written in response to a hospital executive’s $4 million payout.
Sen. Sam Blakeslee, a Republican from San Luis Obispo, says Salinas Valley Memorial Healthcare District chief Samuel Downing had no written contract and the board was unaware of his retirement benefits. Downing received nearly $4 million in supplemental benefits on top of a regular annual pension of $150,000 when he retired last year.
The disclosure prompted a state audit and uncovered other lucrative retirement packages for top district officials. The bill returns to the Assembly for a final vote.