Cashing out,.Six former Tenet Healthcare Tenet Healthcare Corporation (THC) is an operating company that owns and operates 57 hospitals in the United States [1]. It is based in Dallas, Texas. Its stock ticker symbol on the New York Stock Exchange is NYSE: THC. Corp. executives have been issued Wells Notices by the Securities and Exchange Commission, indicating there will likely be civil action against them. Tenet, once based in Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , nearly collapsed after it was disclosed in October 2002 that much of its profits had been derived by exploiting a loophole An omission or Ambiguity in a legal document that allows the intent of the document to be evaded. Loopholes come into being through the passage of statutes, the enactment of regulations, the drafting of contracts or the decisions of courts. in the Medicare payment Noun 1. medicare payment - a check reimbursing an aged person for the expenses of health care medicare check bank check, check, cheque - a written order directing a bank to pay money; "he paid all his bills by check" system. Here is a rundown Rundown A summary of the amount and prices of a serial bond issue that is still available for purchase. rundown A list of available bonds in a municipal issue of serial bonds. of how much stock the executives sold in recent years.
Name Title Amount Sold * Departure Date
Jeffrey C. Barbakow Chief Executive $130 million May 2003
Thomas B. Mackey Chief Operating
Officer $32.7 million November 2002
Christi Sulzbach General Counsel $15 million October 2003
Raymond Mathiasen Chief Accounting
Officer $10.4 million August 2003
David L. Dennis Chief Financial
Officer None ** November 2002
Steven Dominguez Senior Vice
President None 2003
* Does not include the cost of options exercises.
** Purchased $2.6 million
Source: Thomson Financial
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