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WEEK IN REVIEW
Monday
Edmonds councilwoman dies at 59
Fire destroys Silver Lake landmark
Later start for school day unlikely in Marysville
Sunday
Six injured, three critically, in wreck near Ma...
Gay marriage issue can wait, say Referendum 71 ...
Glacier Peak freshman overcomes jitters to win ...
Saturday
More snow expected at mountain passes
Suspect identified in Seattle police killing
Thousands honor slain Seattle police officer Ti...
Friday


Officer Timothy Brenton. Gone, but not forgotten
Person sought in officer's killing is shot in head
Thousands to pay respects to slain Seattle poli...
Thursday


Tale of 1916 Everett Massacre retold in style o...
Reservist survived Iraq but not his return to c...
Swine flu suspected in infant’s death
Wednesday


‘Everything but marriage' law close to vi...
Library levy winning by 51% to 49%
Incumbents looking strong in Snohomish County C...
Tuesday


Delayed financial aid forcing college students ...
Slaying of officer reminds police of dangers of...
Edmonds turns over firefighting duties to Fire ...
 

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CONTACT THE HERALD
Robert Frank, City Editor
frank@heraldnet.com
 
Published: Monday, June 29, 2009

Stevens Hospital executive's contract extended

EDMONDS -- Stevens Hospital, which is facing big changes, has a chief executive whose contract was about to expire.

So the five-member hospital board has approved a contract extension for its top executive, Michael Carter. His contact called for the board to give him notice of its intent by July 1.

Carter's new contract calls for up to 18 months of severance pay if board members decide they want to replace him with another executive and have no cause for dismissing him.

The contract extension was approved unanimously by the board.

The idea behind the contract extension is to encourage Carter to remain with the organization as it considers its future, said Chuck Day, hospital board president.

"We feel that he has done a very good job," Day said. "We don't want to lose him or his administrative team."

Board member Fred Langer agreed. The contract extension "protects us from (Carter) being poached by another organization," he said, and "provides continuity for the foreseeable future."

Stevens is considering whether to enter into new business arrangements with other health care organizations, part of an overall plan to chart the future of the taxpayer-supported hospital.

Board members have applauded the hospital's financial performance under Carter's leadership. The hospital earned $5 million in overall profit last year, the best financial report from the taxpayer-supported hospital in 14 years.

Carter, who was hired on July 1, 2006, now has an annual base salary of $383,931.

He has received annual raises the last two years of 6.4 percent in 2007 and 5.3 percent last year.

He also can earn incentive pay of up to 30 percent of his base salary for meeting specific financial and patient satisfaction goals.

His incentive pay in 2006 was $49,401 in 2006 and $54,119 in 2007.

In March, the hospital board awarded Carter $103,666 in incentive pay that will be paid when year-end audits of the hospital are complete.

Carter also receives a $6,240 annual car allowance, according to hospital documents.

Consultants have told the hospital that this type of pay and benefits package is typical for top hospital administrators.

Reporter Sharon Salyer: 425-339-3486 or salyer@heraldnet.com

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1. Fire destroys Silver Lake landmark
2. Tree clearing, mud slide angers Everett neighbor
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