Wealthy get paid when they get fired
Title: UNC hospital chief to resign
Source: News and Observer
Date February 3, 2004
From the article
- The state-supported UNC Health Care System, which lost $3.7 million on its hospital business last year, will spend $768,476 to buy out the contract of its second in command.
On Monday, Eric B. Munson said he will leave his position as president and chief executive of UNC Hospitals at the health system board's request. Under the terms of a 1995 employment agreement, Munson gets a two-year buyout worth at least $384,238 a year and will remain as a senior adviser.