May 14, 2007

Tenet hands Jeb Bush a big windfall

Shareholders officially elected former Gov. Jeb Bush to the board of Tenet Healthcare on Thursday -- a part-time job that will bring him over $450,000 in the next year.

But...

That doesn't make him a special case at Tenet, however, because SEC filings show the company's board members earned between $409,000 and $590,000 for 2006.

...

On Wednesday, Brett Arends, a columnist at TheStreet.com, calculated Bush would be earning $36,500 a day for 13 days of work a year, and if board meetings lasted four hours each, that meant the former governor would be getting $9,125 an hour.

How do you like your minimum wage?

Read the rest.

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