Wondering what former Gov. Phil Bredesen will receive for his service on the board of hospital chain Vanguard Health Systems? So were we — and then Vanguard told us in a filing with the Securities and Exchange Commission. Per the plan the board adopted last month, Bredesen will get a $100,000 annual retainer, $20,000 every 12 months as a member of Vanguard's audit and governance committee and another $150,000 in restricted shares each year.
By the way, this new director pay package — which ex-WellPoint officer Carol Burt was the first to receive — is significantly more generous than Vanguard's previous policy. Search here for "standardized director."