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Forum Health creditors object to pay for interim CEO, consulting firm
TweetPublished: Mon, October 26, 2009 @ 12:09 p.m.
YOUNGSTOWN — Forum Health’s unsecured creditors object to the health-care system’s plan to hire an interim CEO for $75,000 a month plus expenses and the retention of a second consulting firm to locate the candidate.
In its motion filed Friday in U.S. Bankruptcy Court Northern District of Ohio Eastern Division, the Official Committee of Unsecured Creditors said Forum previously was authorized hire Huron Consulting Services to find a chief restructuring officer and had no need to hire a second consulting firm, FTI, to provide an interim CEO.
A hearing in bankruptcy court before Judge Kay Woods on the hiring of the CEO is scheduled for 10:30 a.m. Tuesday.
For the complete story, see Tuesday’s Vindicator and Vindy.com
Comments
The previous CEO and Unions had a plan that was working. Forum employees were all working toward that goal and no one was laid off. Judge Woods needs to throw the Board out along with the Creditors, Lenders and their consultants. Then maybe Forum and the valley can survive this nonsense.