Internal Revenue Service filings show former Sanford Health CEO Kelby Krabbenhoft was paid more than $49 million in salary, severance and other payouts last year. Krabbenhoft left Sanford last year after nearly a quarter century, receiving a combination of salary, incentive-based pay, severance and two lump sum payouts from supplemental executive retirement plans. The Argus Leader reports about $15 million was paid as severance and another $29 million was given through the retirement plan, which was started in 1983 specifically for Sanford’s executives. The amount paid to Krabbenhoft upon his departure is shown on the regional health system’s IRS form 990, which is filed annually.
Meanwhile, former U.S. Senator Byron Dorgan used Twitter to attack Sanford Health for providing the $49 million payout to Krabbenhoft.
Dorgan said he thought that Sanford was a non-profit organization and quipped “Who will pay for that? I think we know the answer!”
Krabbenhoft left Sanford last year after he wrote an email to employees with controversial statements about COVID-19 and mask use.
Dorgan spent several decades in public service, including 18 years in the Senate. He’s currently a Senior Fellow at the Bipartisan Policy Center.
(KNOX/AP/KVRR)
FOLLOW US FOR INSTANT UPDATES!
