Ousted CA hospital CEO to get nearly $1M severance package

The (Palo Alto) Daily News, February 14, 2011
Former El Camino Hospital President/CEO Ken Graham may be out of a job, but he won't be hurting for a paycheck anytime soon. Fired "without cause" by the hospital's board of directors on Wednesday, Graham is now entitled to nearly $1 million in severance pay, according to his contract, which the hospital provided to The Daily News. Specifically, the hospital will pay Graham a lump sum of 18 months' salary when he officially steps down June 30. Based on his annual salary of $632,640, he would receive $948,960. Hospital officials were tight-lipped about their decision to drop Graham. Reached by phone, board Chairman Wesley Alles would only say it was "without cause."

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