DEL.ICIO.USGrady ready to settle with CEO who was fired
Tuesday, July 07, 2009
A former CEO at Grady Memorial Hospital has come to terms on a settlement in a lawsuit over his firing last year, said Grady general counsel Timothy Jefferson.
“Basically he’ll receive less than a year’s salary” as well as some bonus money and moving expenses, Jefferson said.
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Former CEO Otis Story and Grady officials have agreed on terms and the legal papers have been drawn up but await signatures, Jefferson said. He did not want to offer a final figure on the settlement until the papers were signed.
Story was making $600,000 a year when he was fired early last year.
Story’s lawsuit asserted that hospital board chairwoman Pam Stephenson orchestrated his dismissal so she could assume his job. CRAIG SCHNEIDER
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