Hospital CEO buyout after firing could reach $900k

Kicking out CEO Phillip Schaengold could cost Memorial Health, according to the Savannah Morning News. Schaengold may still head home with a $900k buyout, although he was fired over financial management issues last week. A key part of the board's decision to oust the CEO was day-to-day management problems related to contract discussions and frustrated on-staff physicians. Schaengold, who is a lawyer, is handling his own negotiations. Article

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