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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...