Hospital donations jeopardized by CEO's ouster
Original post made on Mar 18, 2011
Read the full story here Web Link posted Friday, March 18, 2011, 12:00 AM
on Mar 18, 2011 at 3:25 am
Over-paid and over-stayed, Ken Graham pretended energy deregulation wasn't in effect, during WAR. Heard of war? It gets expensive, then COSTLY. So he is going, like a number of the greedy teachers, who don't remember their own history lessons.
Also, who in the world would put up such lousy internet, at El C, and then pretend the cost structure could support ALL the construction undertaken, and all the consequences, of too-high salaries paid, years later? Property taxes won't cover more adventure.
on Mar 18, 2011 at 6:33 am
Ken Graham is a fantastic CEO. Many of us are sorry to see him go. Poor decision making by the ECH Board.
on Mar 18, 2011 at 11:52 am
I have been following all the comments in both the Los Town Altos Crier and the Mountain View Voice regarding the early termination of the CEO (Ken Graham) contract. Considering the agreement that the CEO and the Board have not to discuss the details of this action, certain people in the community somehow seem to think that they know the details or they are angry because they want to know the details and yet they are not entitled to know. All of the comments seem speculative and definitely not constructive.
Ken Graham may have been well liked, so was Jimmy Cater and he did not survive beyond his four year term.
I, like many other community members, do not attend the Public Board meetings. However, they are all recorded and can be viewed on line.
Having viewed these and reflecting back on the financial statements that were made available, it would appear that the Board decision was a business decision. A summary of the review would show that there was a significant loss in net revenue from one tear to the next resulting in a $11 Million loss. When the consultants to rescue the hospital were contracted, they identified over $60 Million in "waste".
It has been reported that a large percentage of the cost reduction will have to be paid to the consultants. This would be another huge loss in revenue. These events are all lost opportunities for revenues.
I, for one, feel that the Bard made the right decision. I was reluctant to donate generously to the Foundation, but I have changed my opinion, the Board decision was right for me. I now know that my donation will be used wisely.
I read a disturbing quote made by one of the Board members that "I do not know why the decision was made". Looking at the Board meetings and the attendees, he was present at all the meetings. To make such a statement would suggest that he was totally tuned out or sleeping. I would encourage the voters who elected him to look for a more engaging representative. I am a resident in LAH.