New CEO Named to Cook County Hospitals - NBC Chicago

New CEO Named to Cook County Hospitals

William Foley comes with business successes in his pocket



    New CEO Named to Cook County Hospitals
    Cook County Board President Todd Stroger says he thinks newly-named CEO William Foley is the right man for the job.

    An independent board has selected a new CEO for the troubled Cook County Health and Hospitals System, and this guy's apparently got some business sense.

    "If he does his job right, he's going to save us a lot more money than if we hire someone for less money who can't do the job right," said Cook County Board Commissioner Larry Suffredin (D-Evanston) regarding the $500,000 a year salary offered to 58-year-old William Foley as the system's new chief executive officer. 

    Foley will also have the potential for a bonuse of up to $50,000 a year, and a list of CEO salaries made public by the board shows that Foley's is far from the top.

    The new CEO has experience "staunching the flow of red ink at a large not-for-profit medical system and a public hospital on the West Coast," the Chicago Tribune reported Tuesday. His credentials include the running of Provena Health, a Catholic system that includes six hospitals.

    "When he started, the system was operating $28 million in the red, and by 2005, it was about $31 million in the black," according to the Trib.

    "I think they have found a good man," Board President Todd Stroger said.

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