Tenet chair leaving amid Medicare probe

  1. Posted on Wed, Apr. 09, 2003
    Philadelphia Inquirer

    Jeffrey C. Barbakow will remain chief executive. The board eventually will comprise outsid-ers
    only.
    Associated Press
    SANTA BARBARA, Calif. - Tenet Healthcare Corp.'s chief executive officer, Jeffrey C. Barbakow, will step down as chairman and as a member of the board of the hospital chain while remaining CEO, company officials said yesterday.
    The announcement came as a shareholder committee issued a report saying the company could face up to $6 billion in legal liability growing out of its practices for billing the Medicare program.
    "As long as Tenet's board fails to act independently, as long as existing senior management re-mains in place, the value of the company remains questionable," chairman M. Lee Pearce of the Tenet Shareholder Committee said in a statement.

    Full Story:
    http://www.pennanurses.org/NEWS%20AR...e%204-9-03.pdf
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  2. 5 Comments

  3. by   sjoe
    "Tenet chair leaving amid Medicare probe"

    Gee, I hope they give the poor guy an adequate separation package, so he'll have enough to eat.
  4. by   BadBird
    Same story with Tenet just a different state. Having worked for a Tenet hospital in the past I can say I would never do so again.
  5. by   pickledpepperRN
  6. by   pickledpepperRN
  7. by   pickledpepperRN

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