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Outgoing Erlanger CEO Jim Brexler’s severance pay on tap

Chattanooga Times Free Press, January 9, 2012

Trustees of Chattanooga's only public hospital still appear deeply divided on paying a large sum of money to outgoing CEO Jim Brexler while Erlanger Health System is struggling financially. Board members will meet Monday morning to discuss details of a severance package for Brexler. Trustees rejected a severance package in a 4-4 vote last month. But experts on executive compensation say a contract providing a golden parachute is essential to attract competent managers in a field that is becoming increasing complex.