SPOTLIGHT: Beth Israel Deaconess staff accept pay cut to save others' jobs

At Boston's Beth Israel Deaconess Medical Center, the odds avoiding a mass layoff seemed pretty low. The hospital, which had once been prosperous, was looking at a $20 million projected loss for this year, and CEO Paul Levy knew something had to be done. Then, an idea came to him--and now, with the help of his staff, it looks like Beth Israel will be able to avoid a bloodbath after all. Article

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