Embattled CEO out; Atlanta hospital hires New York exec

The board for Grady Memorial Hospital in Atlanta has announced that Michael Young, 52, will be the hospital's new CEO beginning Sept. 1. For three years, Young has been CEO of a similar but smaller urban hospital. At the same meeting, the board voted to remove current CEO Pam Stephenson, who will leave when Young takes over. Stephenson will receive a $325,000 separation deal, and her departure ends an embarrassing chapter during which Stephenson was accused of trying to profit from her tenure as the hospital's chief and her quick removal.