Former St. Vincent's Employees Sue Over Executive Salaries, Outings Following Hospital Closure - Becker's Hospital Review

Former St. Vincent’s Employees Sue Over Executive Salaries, Outings Following Hospital Closure

Former employees of now-closed St. Vincent’s Hospital in Manhattan have filed a lawsuit saying hospital executives bankrupted the hospital through financial mismanagement, including executive salaries of more than $1 million each, extravagant executive outings and $17 million for management consultants, according to a Wall Street Journal report.

The hospital staff who filed the lawsuit charged that executive salaries were not in line with the hospital’s financial problems.

The 160-year-old hospital closed in April with a debt topping $1 billion.

Read the Wall Street Journal report on St. Vincent’s Hospital (note: this report is no longer available on the WSJ’s website).

Former St. Vincent’s Employees Sue Over Executive Salaries, Outings Following Hospital Closure

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