Tag: Kindred

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More than ever, local retailers are looking like toast

News about Louisville’s major employers; updated frequently.

AMAZON extends same-day delivery to Louisville — even on Sunday; details. The retail behemoth and big local employer also disclosed executive pay in a filing yesterday, once more revealing virtually all of CEO Jeff Bezos‘ compensation was the $1.6 million cost of his personal and corporate security. Amazon has 6,000 area employees.

KINDRED discloses golden parachutes for the top brass. More Kindred news.

YUM: Worth noting activist investor Corvex added another 1 million shares during the fourth quarter. Founder Keith Meister elbowed his way onto the board in October, when Corvex owned 3.6% of Yum. With the latest buy, Corvex is now No. 2, with 5%. Shares traded recently at $81.64; year-to-date gain: 12%. All major holders. Yum’s 15-member board. More Yum news.

In other news, A reviled former coal baron gets jail time.

Latest Headlines

Kindred’s Diaz paid $14.5 million last year, and ‘Mr. Social Security’ charged with fraud

News about Louisville’s major employers; updated frequently.

KINDRED paid former CEO Paul Diaz a princely $11.6 million in special compensation last year as part of his move to vice chairman; that boosted his total to $14.5 million vs. $6 million in 2014, the company said in an SEC filing yesterday. The hospital and nursing home giant also disclosed it paid $2.2 million to buy CFO Stephen Farber‘s home in exclusive Glenview out of concern for his family’s personal safety amid a high-profile property dispute with a neighbor, the filing says; WDRB’s got background. (We track exec pay at big employers.)

In other news, Eric “Mr. Social Security” Conn is charged with defrauding the Social Security Administration out of $600 million in disability payments in Eastern Kentucky.