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BIDMC’s Board of Directors release letter to staff

Under Pressure from Healthcare Workers and Boston Media, Beth Israel Deaconess Board of Directors Release Details on Levy’s “Negotiated Severance”

After weeks of pressure from healthcare workers across Boston and other community groups, BIDMC’s Chairman of the Board of Directors, Stephen Kay, announced the terms of the package reached with outgoing CEO Paul Levy in late January.

“The Board concluded that this agreement was in the best interest of the medical center and the people it serves,” said Kay in an email to the Boston Globe. “Just under two years before Paul’s contract would have expired, the Board of Directors has agreed with Paul on a negotiated departure.”

Reacting to the changing description of the payments, Globe columnist Brian McGrory wrote, “Nobody is questioning whether BIDMC has world-class doctors and intelligent nurses. But what it also has is an executive team that is now constantly inviting the question: What else are they lying about?”

February 9, 2011: Trust? It’s on life support
January 22, 2011: Levy’s exit cushioned by $1.6 million severance deal
January 19, 2011:  No words for severance

January 22, 2011: Unions rip Paul Levy severance pay

January 19, 2011: Boston's Beth Israel Officials Mum on Paul Levy's Severance Pay

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