‘Sole discretion’ lucrative for NHI chief

By Geert De Lombaerde Posted on December 15, 2008 at 2:50 pm

A committee of the board of National Health Investors (Ticker: NHI) has voted to pay interim CEO Andrew Adams $900,000 for his service since April.

As provided in the Consulting Agreement, the fee for Mr. Adams’ services is $1.00; however, the Agreement also provides that the Directors may, in their sole discretion, pay Mr. Adams a bonus amount for the services provided pursuant to the Agreement.

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Tags: executive compensation, National Health Investors Inc., specialty lending, W. Andrew Adams  

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