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LifePoint Board OK with $120 Million Pay Plan Despite Shareholder Rejection

modernhealthcare.com

LifePoint Health's board of directors is plowing ahead with a $120 million golden parachute plan for four top executives ahead of the company's sale, despite overwhelming opposition from shareholders.The board itself, which will disband when the deal goes through, is getting more than $11.3 million, not counting the company's chairman and CEO's take, as part of the sale.The payouts are raising eyebrows in the investment community given they total more than the company's 2017 net income. Analysts, attorneys and others who follow the industry say the ...

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