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Industry Lobbying Left Nursing Homes Vulnerable in Pandemic

The Daily Yonder
Industry Lobbying Left Nursing Homes Vulnerable in Pandemic
Lax regulations and minimal enforcement left the nursing homes exposed to dangers of highly transmissible diseases long before the 2020 Covid-19 pandemic hit.
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Nursing home employee Ashley Ford at her home in DeMotte, Indiana. (Photo by John J. Watkins for The Midwest Center for Investigative Reporting)
Even before Covid-19, aides caring for elderly and disabled people in nursing homes often were overworked and underpaid, doing everything from changing linens to helping residents eat to physically rotating them to prevent bed sores.
Ashley Ford often was one of four aides for as many as 42 residents at the Indiana nursing home where she’s worked since early 2019. She sometimes skipped breaks when work got busy so she wouldn’t leave patients waiting. ....

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Are the Hedge Funds as Evil as Ever After GameStop?

Are the Hedge Funds as Evil as Ever After GameStop? | Opinion
On 2/7/21 at 7:00 AM EST
Well, kind of back to normal. GameStop fell closer to earth. The stock market was up for the week the S&P 500 climbed 4.7 percent. Maybe, now, we ll even see New York Mets owner, and hedge fund big,
Steve Cohen, back on Twitter after fleeing from all those day traders. Here s what I have in store for you in
On the Street: the winners and losers, so far that is, in the GameStop/Reddit/Robinhood smackdown; Amazon s
Jeff Bezos and why this may not be his last rodeo as CEO; and some of the lessons learned from the strange disappearance and re-emergence of Alibaba founder ....

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Warren: $5.2 million bonus to nursing home CEO an act of "unfathomable greed"

Warren: $5.2 million bonus to nursing home CEO an act of unfathomable greed
By Kate Gibson
CVS and Walgreens blamed for vaccine issues
U.S. Senator Elizabeth Warren is calling out Genesis Healthcare for its inexplicable and unseemly decision to give its then-CEO a $5.2 million retention bonus after the deaths of more than 2,800 residents at the chain s facilities and as it accepted federal aid during the novel coronavirus pandemic.
In the letter dated January 27 to current Genesis Chairman and CEO Robert Fish, the Massachusetts Democrat bashed the country s largest publicly-traded nursing home chain for unfathomable greed amidst a public health tragedy and economic crisis. ....

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Elizabeth Warren Blasts Nursing Home Chain With Over 2,800 COVID Deaths for $5.2 Million Bonus to CEO

Elizabeth Warren Blasts Nursing Home Chain With Over 2,800 COVID Deaths for $5.2 Million Bonus to CEO
On 2/2/21 at 5:09 PM EST
A nursing home chain paid bonuses to top executives despite the fact that nearly 3,000 of its residents died of COVID-19.
Senator Elizabeth Warren of Massachusetts lambasted Genesis Healthcare in a letter sent last week to Robert Fish, the company s chairman and chief executive officer.
I would like an explanation for this unfathomable greed amidst a public health tragedy and economic crisis, the Democratic lawmaker wrote. According to a Securities and Exchange Commission filing, Genesis claimed to be on the cusp of bankruptcy and received $300 million in state and federal aid under the CARES Act only to give its CEO George Hager Jr. a $5.2 million retention bonus, a $650,000 retirement bonus and $300,000 consulting contract. He received these in addition to a $935,000 annual bonus last year. ....

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Thousands died at nursing home chain. Its CEO got a $5M bonus

COVID-19 claimed a heavy toll on residents at Genesis Healthcare facilities as top executive made a lucrative exit. ....

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