Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions

Dozens of top recipients of government aid have laid off, furloughed or cut the pay of tens of thousands of employees.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #entwistle-david, #executive-compensation, #hazen-samuel-n, #hca-holdings-inc, #hospitals, #layoffs-and-job-reductions, #mayo-clinic, #national-nurses-united, #providence-healthservices, #rittenmeyer-ronald-a, #stanford-university, #tenet-healthcare-corporation

Wealthiest Hospitals Got Billions in Bailout for Struggling Health Providers

Twenty large chains received more than $5 billion in federal grants even while sitting on more than $100 billion in cash.

#ascension-health, #cleveland-clinic, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #harris-health-system, #hca-holdings-inc, #hospitals, #neal-richard-e, #pallone-frank-jr, #providence-health-system, #st-claire-healthcare, #tenet-healthcare-corporation

Wealthiest Hospitals Got Billions in Coronavirus Bailout

Twenty large chains received more than $5 billion in federal grants even while sitting on more than $100 billion in cash.

#ascension-health, #cleveland-clinic, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #harris-health-system, #hca-holdings-inc, #hospitals, #neal-richard-e, #pallone-frank-jr, #providence-health-system, #st-claire-healthcare, #tenet-healthcare-corporation

Pay Cuts Become a Tool for Some Companies to Avoid Layoffs

“Shared sacrifice” in the white-collar ranks aims to avoid the cost of staffing up again. With no end to the crisis in sight, it is a leap of faith.

#aon-corp, #coronavirus-2019-ncov, #executive-compensation, #executives-and-management-theory, #hca-holdings-inc, #kvh-industries-inc, #labor-and-jobs, #wages-and-salaries, #workplace-environment

First Quarter Earnings Were Terrible, But Executives Offer Some Hope

While the pandemic has made it hard to offer forecasts, some corporate leaders said things might be getting a little better — or at least no worse.

#china, #company-reports, #coronavirus-2019-ncov, #corporations, #hca-holdings-inc, #mastercard-inc, #mcdonalds-corporation, #southwest-airlines-company, #standardpoors-500-stock-index, #starbucks-corporation, #stocks-and-bonds, #united-states-economy