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Witt/Kieffer Collaborates on 2013 CEO Severance Survey

Tuesday, September 17, 2013

As the health care industry continues to change, severance programs have become increasingly important for employers to remain competitive, avoid potential litigation, and facilitate succession planning. According to new survey findings, a clear majority (83%) of health care organizations have a written severance agreement with their CEO.

“As the industry itself is becoming more complex, so are CEO severance packages,” said Jena Abernathy, Witt/Kieffer senior partner. “There are significant differences in the way that terms and provisions can be structured,” she added, “so it’s important that health care organizations gather information about standard practices and benchmark against each other.”

Read more here.

Click here for the 2013 Health Care CEO Severance Survey Report.

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