Sen. Elizabeth Warren (D-Mass.) is fuming over the “inexplicable and unseemly decision” to pay a $5.2 million “retention bonus” to a nursing home industry CEO after more than 2,800 residents died from Covid-19 in the company’s facilities.
In a letter to Genesis HealthCare Inc. released Thursday, Warren said the company approved “exorbitant” bonuses to former CEO George V. Hager Jr. and other top executives after receiving more than $300 million in state and federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding to help keep the struggling company afloat.
“CARES Act funding should not be used to line the ...
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