BRIEF: Former UW Hospital CEO to get $1.3 million severance [The Wisconsin State Journal :: ]
(Wisconsin State Journal (Madison, WI) Via Acquire Media NewsEdge) Aug. 30--Donna Katen-Bahensky, former president and CEO of UW Hospital, will get at least $1.3 million in severance pay, according to an exit letter released by the hospital Friday.
The hospital announced Aug. 13 that Katen-Bahensky will retire Monday amid a UW Health restructuring that will eliminate her job.
She will receive her $853,500 annual salary for 18 more months, according to an Aug. 1 letter signed by Katen-Bahensky and David Walsh, chairman of the UW Hospital board. She will also get an unspecified incentive bonus earned during the past fiscal year.
Walsh has said the planned integration of UW Hospital and UW Medical Foundation likely will result in one leader.
The letter said Katen-Bahensky's departure "will be treated as an involuntary separation occurring as the result of a major reorganization. The Hospital has not offered you a reasonably comparable position. The fact that your separation is being referred to as a retirement publicly ... does not change the nature of your separation, which was involuntary but not for Cause."
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