Genesis Healthcare Inc.’s decision to hand top executives millions of dollars in bonuses has put the country’s largest publicly traded nursing home operator in the crosshairs of Sen. Elizabeth Warren, WSJ Pro Bankruptcy reported. Citing bankruptcy warnings at the care-home chain, at which COVID-19 claimed more than 2,800 lives, Sen. Warren (D., Mass.) said Genesis Healthcare needs to answer for the decision to provide the bonuses, especially after accepting more than $300 million in state and federal pandemic aid. Former Chief Executive George V. Hager Jr. was paid a $5.2 million retention bonus in October 2020, then announced his retirement in January with a $650,000 retirement bonus and $300,000 consulting contract, according to filings with the Securities and Exchange Commission. “I would like an explanation for this unfathomable greed amidst a public health tragedy and economic crisis,” Sen. Warren said in a letter sent Wednesday to the company’s headquarters in Kennett Square, Pa.
