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Deadline Detroit | Starkman: Beaumont's Woes Prove CEO Tina Freese Decker Unfit to Run Michigan's Biggest Hospital System

Deadline Detroit | Starkman: Beaumont's Woes Prove CEO Tina Freese Decker Unfit to Run Michigan's Biggest Hospital System
deadlinedetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deadlinedetroit.com Daily Mail and Mail on Sunday newspapers.

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Deadline Detroit | Starkman: Beaumont Expects Imminent FTC Approval for Spectrum Takeover of its Faltering Hospital System

Deadline Detroit | Starkman: Beaumont Expects Imminent FTC Approval for Spectrum Takeover of its Faltering Hospital System
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Deadline Detroit | Starkman: Crain's Detroit Business Mortgaged Its Journalism Soul to United Wholesale Mortgage

Deadline Detroit | Starkman: Crain's Detroit Business Mortgaged Its Journalism Soul to United Wholesale Mortgage
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Deadline Detroit | Starkman: One Down, Three to Go. Beaumont CFO John Kerndl Resigns

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March 02, 2021, 2:11 PM
The columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs at Starkman Approved
By Eric Starkman
John Kerndl and Denise Waters
Beaumont Health CFO John Kerndl, the architect of aggressive cost-cutting that bolstered the profits of Michigan’s biggest hospital network at the expense of its once world-class reputation, has resigned. He’s relocating to Boston to join Beth Israel Lahey Health System, a highly regarded hospital network.
Beaumont CEO John Fox disclosed Kerndl’s departure in an email to staff this morning. Kerndl’s resignation is effective March 16, one day after the supposed Beaumont deadline for paying out executive bonuses for the previous year. ....

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Deadline Detroit | Starkman: Layoffs. Disgruntled Staff. So What? Beaumont's John Fox is Laughing All the Way to the Bank

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February 24, 2021, 5:47 PM
The columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs at Starkman Approved.
By Eric Starkman
CEO John Fox
While Beaumont Health’s medical and custodial staff risked their lives and hundreds of hospital employees lost their jobs, CEO John Fox and his top managers appear poised to rake in big bonuses for leveraging the 2020 pandemic into a very good year financially for Michigan’s biggest hospital network.
The results make clear why Fox commands the loyalty of John Lewis, the retired Comerica banker who serves as Beaumont’s chairman and whose commands the company’s directors obediently follow. Beaumont in 2020 not only came within a smidgen of its ambitious four-percent operating profit margin, but the hospital company increased its cash and investment reserves by 54 percent to $3.5 billion. ....

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