Tenet Healthcare to pay departing CEO Trevor Fetter $22.9M — 3 insights

Following news of his resignation, Dallas-based Tenet Healthcare will bestow departing CEO Trevor Fetter a $22.9 million severance package, Dallas News reports.

Advertisement

Here’s what you should know:

1. Mr. Fetter announced his resignation in August, following news two board members resigned from their positions.

2. Mr. Fetter had a base salary of $1.27 million in 2015 and 2016. Including incentives, Mr. Fetter made $12.3 million in 2016. His 2016 salary was down from the $17.9 million he made in 2015.

3. The $22.9 million Mr. Fetter will receive in his severance package includes health benefits. Tenet’s executives qualify for severance packages when their employment is terminated or dismissed for “good cause.”

More articles on leadership:
ASC leader to know: Dr. Allen Hord of Alliance Spine and Pain Centers
Medscape: Top most-influential physicians in past 100 years
ASC leader to know: Margaret Chappell of ASCOA

Advertisement

Next Up in Leadership

Advertisement

Comments are closed.