WSJ: New York Hospitals May Feel Impact of Wall Street’s Financials Collapse

Hospitals in New York are bracing themselves for the potential impact they may feel as a result of the financial crisis on Wall Street, according to the Wall Street Journal.

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New York-Presbyterian Hospital’s board includes several financial executives, including the CEOs of Morgan Stanley, Lehman Brothers, Merrill Lynch and AIG.

Board members such as these individuals are often counted upon to raise money for or make donations to the hospitals they serve. Other hospitals regularly count upon the generosity of Wall Street executives who may now be less likely to make donations as their own companies are facing significant financial struggles.

Read the Wall Street Journal’s coverage of Wall Street’s impact on New York hospitals.

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