A senior member of the Bush dynasty is about to get a large sum of money from a company with a history of ethical violations.
Jeb Bush, the president's brother and former governor of Florida, is up for election Thursday as a director of troubled hospital chain Tenet Healthcare (THC - Cramer's Take - Stockpickr - Rating). Assuming he's waved through, his pay in his first year would come to nearly $37,000 a day.
This is the same Tenet that had to pay $900 million to Uncle Sam last summer to settle charges that it had overbilled Medicare and Medicaid over many years.
Nine hundred million dollars.
The U.S. attorneys announcing the settlement accused the company of "fraud" and trying to "manipulate and cheat the system."
Mike Leavitt, the Health and Human Services Secretary appointed by Jeb's brother George, said the company had "fraudulently abused the Medicare program."
It's also the same Tenet that just paid $80 million to the IRS after an audit found it owed back taxes
