Jeb Bush joins board of (scandal-ridden) Tenet Healthcare

[UpInArms]

Source: Reuters

CHICAGO (Reuters) - Former Florida Governor Jeb Bush, brother of U.S. President George W. Bush, will join the board of Tenet Healthcare Corp. (THC.N: Quote, Profile, Research), the biggest publicly traded hospital company said on Thursday.

The move to appoint Bush, 54, comes as Dallas-based Tenet continues its struggle to recover from a slew of scandals and lawsuits. Last year, it settled with the U.S. Department of Justice for $900 million over allegations that it had bilked the Medicare insurance program for the elderly. Earlier this month it settled a securities probe over fraud charges.

Government lawsuits and several legal actions related to quality of care caused doctors to flee the company's hospitals, which has led to sinking patient admissions.

"Tenet is clearly trying to improve its reputation and overall governance, and went after a marque name," said Howard Sherman, chief executive of GovernanceMetrics.

Read more: http://www.reuters.com/articlePrint?articleId=USN1231662320070412

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we should watch how the US prosecuting attorneys handle their cases against Tenet now :eyes:

[aquart]

1. Improve its reputation with a BUSH?

I think it's more that they're seeking a guarantee that they'll get away with it.

[goforit]

2. How convenient.

[tanyev]

3. Biofuel Bush dippin his toes into the healthcare bidness, too?

Must be some interesting government healthcare policies coming down the pike.

[Demeter]

4. More Likely a Kiss of Death for the Company

There's loyalty, there's backscratching, and then there's a suicidal death wish.....

[ChairmanAgnostic]

5. turds of a feather, flock together nt

[Prisoner_Number_Six]

6. Gluttons for punishment.

Someone there WANTS that place to self-destruct. :shrug:

[donsu]

7. Jeb's a busy man, he's also pushing ethanol in S. Amer.

nt

[brentspeak]

8. He'll be right at home.

[EFerrari]

9. Yes, he will. Miguel Recarey and bilking Medicare --

(I don't know this site but the original Mother Jones article is cited here:)

QUICK PRIMER ON WHY (JEB) BUSH SHOULDN’T RUN IN 2008
Lots of folks aren’t thinking this far ahead, but it’s probably important to do just that. After all, George H.W. Bush was President, now George W. Bush is in the White House and his little brother Jeb is in the Governor’s mansion down in Florida. Since George W. Bush will probably win a second term since the Democrat Party has all but disbanded, we can safely assume that barring a horrible, fatal accident, Jeb Bush will run for President of the United States in 2008. This is the first of many artilces here at thenewsblog that will detail just why Jeb Bush should not be allowed to inhabit the Oval Office.

Back in 1992, Stephen Rizzo wrote an article for MotherJones.com (sans the .com back then, of course) detailing the various shady dealings of the senior President Bush’s offspring. Check it out, according to the article:

thepete20030505c (5k image)1)Along with Cuban-American real estate developer Armando Codina (see image to the right), Jeb took out a loan from a S&L that would later fail. Federal regulators, apparently wanting to avoid any boat rocking with then Vice-President George HW Bush, decided to reappraise the building that was bought with the loan. The building, it was determined, had lost a significant amount of value and said regulators decided that Jeb and Codina should only have to pay back $500,000 of the original $4.56 million loan.

http://thepete.com/quick-primer-on-why-jeb-bush-shouldnt-run-in-2008-pt1/1/