Paul Solman:
We heard it time and again, unpaid bills, cuts in resources. And yet a Boston Globe investigation found that CEO de la Torre traveled by private jet and managed to buy a $40 million yacht.
Steward’s bankruptcy made national headlines. Private equity Cerberus which sold Steward for an $800 million profit, was blamed. Cerberus wouldn’t go on the record to us, but provided additional background last fall, claiming complaints and lawsuits — quote — “appear to be overwhelmingly related to the post-Cerberus ownership period, and portray a stark contrast to Cerberus’ ownership period, during which Steward was delivering high-quality care to millions of patients and employing thousands of hardworking professionals.”
But nurse Elaine Graves, who does seem like a hardworking professional, began to notice cuts soon after the buyout, years before the private jet. And then?