Posted on 11/22/2022 1:46:13 AM PST by EBH
The MetroHealth Board of Trustees confirmed on Nov. 21 that it has terminated the employment of President and CEO Akram Boutros, MD.,effective immediately.
An investigation found Dr. Boutros authorized more than $1,900,000 in supplemental bonuses to himself between 2018-2022 without disclosing it to the Board, MetroHealth System Chair Vanessa Whiting said.
The Board received the results of this investigation conducted by outside counsel into the compensation issues on Saturday, and the Board voted to terminate his employment for cause on Monday.
Whiting shared the following statement on behalf of the MetroHealth Board of Trustees:
“We have taken these actions mindfully and deliberately but with sadness and disappointment. We all recognize the wonderful things Dr.Boutros has done for our hospital and for the community. However, we know of no organization permitting its CEO to self-evaluate and determine their entitlement to an additional bonus and at what amount, as Dr. Boutros has done.
Dr. Boutros, by his own admission, established specific metrics, conducted self-assessments of his performance under those metrics, and authorized payment to himself of more than $1,900,000 in supplemental bonuses based on those self-evaluations between 2018 and 2022. The self-evaluations and the supplemental bonus amounts paid to Dr. Boutros were not disclosed to the Board, even though Dr. Boutros’ employment contract makes clear that the Board sets Dr. Boutros’ compensation.
In keeping with the Board of Trustees’ fiduciary duties, we launched an internal investigation, led by the Tucker Ellis law firm, when we learned of these issues as we prepared for our CEO transition, resulting in the following actions to date:
· The Board demanded immediate repayment of the supplemental bonus money. On October 31, Dr. Boutros repaid $2,104,337.11, which represented the supplemental bonus money paid without approval for performance in calendar years 2017 through 2021, plus $124,003.86 in interest.
(Excerpt) Read more at msn.com ...
Akram Boutros
(conducted self-assessments of his performance under those metrics, and authorized payment to himself of more than $1,900,000 in supplemental bonuses based on those self-evaluations)
I authorize $1.9 million in bonuses for myself.
Now, y’all pay up.
What a hard day of work. Whew.
I’m going to go bowling 🎳.
I’ll be back for my check this afternoon.
Tomorrow, donuts 🍩🍩🍩🍩🍩 for everybody. - my treat.
Covid we’re in the money.
It’s good to be the King.
Notice he just has that amount laying around to pay it back already!
wow.
I wonder if there is more legally coming his way.
🤔🤔🤔
Another Muslim Con man invaded here .
Aint Diversity Grand .
“Akram Boutros”
Any relation to Boutros Boutros Golly?
https://en.wikipedia.org/wiki/Boutros_Boutros-Ghali
Check this out...
https://www.metrohealth.org/about-us/akram-boutros/full-bio
“...With the 2019 creation of the Institute for H.O.P.E.™ (Health, Opportunity, Partnership and Empowerment), MetroHealth is connecting patients and neighbors to fresh food, stable housing, education, career training and other services that keep them healthy...”
Note the timing of that.
Why do I think that the real scandal has nothing to do with bonuses...
Another ballot harvesting scheme...?
just Davos
I must wonder if any internal accounting controls were in place. Were I currently work as in just about every other job in corp. or in non-profit, bonuses had to be signed off by at least 2 other people, hirer up than the recipient and the recipient reporting to them. When it came to C level bonuses, at publicly traded companies where I’ve worked bonuses to C levels had to be signed off by the BOD’s.
I don’t think this is about bonuses...
Gawd, humans have become so selfish and greedy. We are due for a big ole smackdown from our creator.
I really, really don’t think that this is about bonuses.
Big Medicine. Big $$$. Sickening.
BTTT.
BTTT.
BTTT.
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