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Bankruptcy judge gives Forum Health OK to hire interim CEO
TweetPublished: Tue, October 27, 2009 @ 12:15 p.m.
YOUNGSTOWN — Forum Health has permission from the U.S. Bankruptcy Court to hire an interim CEO subject to a supplemental filing detailing if the candidate has any potential conflict of interest.
Forum is proposing to hire Charles W. Neumann as interim CEO through FTI Consulting, which the health-care system will pay $75,000 a month through Dec. 31 and on a month-to-month extension thereafter.
Judge Kay Woods, who criticized Forum lawyer Shawn M. Riley for failing to file the document before today’s hearing, said she would grant Forum’s motion to hire Neumann subject to her approval of the supplemental filing. Riley said he would file the document within two days.
For the complete story, see Wednesday’s Vindicator and Vindy.com
Comments
An auction seems to be in the works for Northside. A Georgia company went through Northside today and the people were very interested in the sterilizers in surgery. HMHP reps went through yesterday, no word on what they could be interested in.
i wish they hadn't told us the amount of the monthly consulting fee. charles had better have a sack full of miracles to warrant the 75,000.
75k, 750k, the $$$ keep dwindling down. The judge and board are both a disgrace and need to be thrown to the dogs.. All of the employee consessions down the tubes. What a shame.