This New England

Some ask why the sell-dealing/self-enrichment of New England "nonprofit'' hospital companies' executives and board members has not drawn more attention from states' attorneys general -- in charge of protecting charitable assets.

After all, these outfits are using vast amounts of charitable resources -- not to mention copious amounts of state (and federal money).

The reason seems simple to me: The boards of these establishments are composed of rich and powerful people who can be of great assistance to the political careers of attorneys general, who tend to want to go on and run for governor or U.S. senator.
Lots of potential campaign contributions from the boards!

Happily, some officials in Washington, such as Iowa Sen. Charles Grassley, who are rather insulated from such personal, parochial concerns, are looking into the self-dealing of "nonprofit'' hospital companies' leaderships.

See March 4 page one Boston Globe story "Nonprofit hospitals targeted on leader pay: Boards must hold line, senator says.''

In Keene, N.H.: A employee descended from John Gay, the author of The Beggars' Opera, or a particularly enlightened employer?

-- Photo by William Morgan

 Tags  "nonprofit'' hospitals Charles Grassley

Comments

Deep Throat said:

Last AG who really wanted to do something about the non profit private piggy bank was Jeff Pine.

Right on, his successor did become a Senator,and the latest wants to become Governor...therefoe nothing will be done

Link | March 5, 2009 3:18 PM
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