Tallahassee Memorial Healthcare and Former CEO go to Court Over Retirement Benefits

After years of legal dispute, former Tallahassee (Fla.) Memorial Healthcare CEO Duncan Moore will face his former employer in federal court today.

Advertisement

Mr. Moore, who resigned from TMH in 2003, says the hospital he led for 15 years has been paying only $227,596 of the $604,732 he is owed yearly in retirement money. TMH counters that Moore tricked board members into agreeing to a Supplemental Executive Retirement program based on inflated salary and benefits calculations that included $1.4 million in severance and the cash-value of other perks.

According to TMH’s attorneys, Mr. Moore refused to meet with the hospital’s compensation appeals committee. At a pretrial hearing last month, the judge recommended that Moore take his severance money out of his annual retirement plan calculation in order to avoid a high-profile trial.

However, after four years of behind-the-scenes negotiations, the two parties have not reached an agreement. The bench trial is expected to last three or four days.

Read continuing coverage on the trial in the Tallahassee Democrat.

Advertisement

Next Up in Compensation Issues

Advertisement

Comments are closed.