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Elizabeth Warren Blasts Nursing Home Chain With Over 2,800 COVID Deaths for $5.2 Million Bonus to CEO On 2/2/21 at 5:09 PM EST A nursing home chain paid bonuses to top executives despite the fact that nearly 3,000 of its residents died of COVID-19. Senator Elizabeth Warren of Massachusetts lambasted Genesis Healthcare in a letter sent last week to Robert Fish, the company's chairman and chief executive officer. "I would like an explanation for this unfathomable greed amidst a public health tragedy and economic crisis," the Democratic lawmaker wrote. According to a Securities and Exchange Comm...
COVID-19 claimed a heavy toll on residents at Genesis Healthcare facilities as top executive made a lucrative exit.
Nearly 3,000 residents of Genesis Healthcare nursing homes have died from covid-19. The company's CEO got a $5.2 million "retention" payment in October, then announced he was retiring in January.
Departing CEO paid $5.2 million ‘retention’ bonus by nursing home chain that lost 2,800 residents to covid Will Englund © Avi Steinhardt/Avi Steinhardt/For the Philadelphia Inquirer Genesis Healthcare CEO George Hager poses in the gym of Powerback Rehab in 2016 in Voorhees, N.J. Hager received a $5.2 million “retention payment” in late October but retired earlier this month. 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...