Mr. Kerrey, who also resigned from the boards of Genworth Financial and Scientific Games, officially filed for office Feb. 29.
Although Mr. Kerrey acknowledged that Tenet has had several issues and settlements with the federal government, he said he stepped down from his positions because he “simply reached a conclusion that I could not perform at that level [of board responsibility] while running for U.S. Senate,” according to an Omaha World-Herald report. He also said he stayed on Tenet’s board through the legal battles because he “felt almost duty-bound to stay until they got through this trouble.”
If Mr. Kerrey were elected this November, he would have most likely resigned anyway, as Senate ethics rules require senators to not be involved in any activities where there could be a potential conflict of interest.
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