1. LifePoint Board OK with $120 Million Pay Plan Despite Shareholder Rejection

    LifePoint Board OK with $120 Million Pay Plan Despite Shareholder Rejection

    LifePoint Health's board of directors is plowing ahead with a $120 million golden parachute plan for four top executives ahead of the company's sale, despite overwhelming opposition from shareholders.The board itself, which will disband when the deal goes through, is getting more than $11.3 million, not counting the company's chairman and CEO's take, as part of the sale.The payouts are raising eyebrows in the investment community given they total more than the company's 2017 net income. Analysts, attorneys and others who follow the industry say the ...

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    1. It's a signal to the market that this type of approach is a problem and investors are not happy with it.
    2. It's a signal to the market that this type of approach is a problem and investors are not happy with it.
    3. It's an alignment of incentives, in a way.
    4. It was ink on page, but that shareholder pressure moved the board to make steps that the CEO ultimately agreed to.
    5. It's an alignment of incentives, in a way.
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