Former Northeast Health System president and CEO Stephen Laverty collected more than $1 million from the Troy, N.Y.-based hospital system after he resigned in the midst of controversy in fall 2008, according to a Salem News report.
The $1.08 million included a settlement package of more than a year's salary. According to public disclosure documents filed with Mass. Attorney General Martha Coakley, Mr. Laverty's "golden parachute" could have included up to two full years of salary, as required by Northeast's executive contracts.
Mr. Laverty experienced a series of controversies in 2008, beginning with the protested resignation of the physician and nurse practitioner at Gloucester High School health clinic after the hospital prohibited the distribution of contraceptives.
Interim CEO Henry Ramini was paid $432,000 for leading the hospital system through the rest of fiscal year 2009, according to the report.
Read the Salem News report on Stephen Laverty.
Read more on recent New York executive moves:
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-New York's Canton-Potsdam Hospital Names CIO