Outgoing Erlanger CEO Jim Brexler’s severance pay on tap

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.