Close Menu
Influential MagazineInfluential Magazine
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

What's Hot
How Hard It Is to Make Trade Deals

How Hard It Is to Make Trade Deals

June 4, 2025
An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips’

An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips’

June 4, 2025
Do You Know the Jobs These Authors Had Before They Found Literary Success?

Do You Know the Jobs These Authors Had Before They Found Literary Success?

June 2, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Influential MagazineInfluential Magazine
SUBSCRIBE
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
Influential MagazineInfluential Magazine
Home » Leaders of Mental Health Giant Promised Big Bonuses to Deal With Federal Investigations

Leaders of Mental Health Giant Promised Big Bonuses to Deal With Federal Investigations

April 24, 20253 Mins Read Business
Leaders of Mental Health Giant Promised Big Bonuses to Deal With Federal Investigations
Share
Facebook Twitter Reddit Telegram Pinterest Email

Last year was tough for Acadia Healthcare, one of the country’s largest providers of mental health services.

A slew of federal agencies opened investigations into whether Acadia illegally held patients against their will in its psychiatric hospitals, as described in a New York Times investigation in September. The federal inquiries rattled investors, causing Acadia’s stock to plummet.

But Acadia’s troubles have been a boon to the company’s chief executive, Christopher Hunter. Its board of directors awarded him a $1.8 million bonus to help respond to “unprecedented governmental inquiries,” according to a financial filing this month. The bonus comes on top of his regular compensation, which totaled more than $7 million in 2024.

Acadia’s chief financial officer and general counsel were also granted bonuses of about $1 million, and the chief operating officer was promised $600,000. Acadia said the bonuses, which will be paid in March of next year, were awarded to ensure that the leaders did not leave before the investigations were completed.

The company’s board decided that keeping its leadership team was “in the best long-term interest of the company and the patients and communities it serves,” said Tim Blair, a spokesman for Acadia. “The company follows a pay-for-performance philosophy, using peer market data for benchmarking and calibration,” he added.

The Times reported that Acadia was holding patients against their will in order to maximize insurance payouts. Some patients arrived at emergency rooms seeking routine mental health care but were sent to Acadia facilities, where they were locked inside and isolated from their families. The practices began before Mr. Hunter became chief executive, in April 2022, but continued under his watch, The Times found.

The company has forcefully denied any misconduct and said it would cooperate with the investigations. “The allegation that Acadia systematically holds patients longer than medically necessary is false and goes directly against everything we do and stand for when it comes to patient care,” Mr. Hunter told investors in October.

After the article was published, Acadia told investors that several government agencies, including the Justice Department and the Securities and Exchange Commission, had begun investigations. In October, executives disclosed that admissions to their facilities were not as high as expected. That same month, shareholders brought a class-action lawsuit against the company, arguing that Acadia concealed its practices from investors.

The Times also found problems in other parts of Acadia’s businesses, including its methadone clinics, which were billing the government for services, like counseling, that it did not provide. And inadequate staffing led to a series of tragedies at one of the company’s prized women’s facilities, The Times reported Tuesday.

Since September, the company has lost roughly $5 billion of its market value and is now worth about $2 billion.

Like many chief executives, Mr. Hunter’s compensation is tied in part to Acadia’s share value. In 2024, the company’s falling stock led him to miss his performance goals, which lowered his pay, according to the April filing.

But Sarah Anderson, an executive compensation analyst at the Institute for Policy Studies, a left-leaning think tank, said that those incentives are undermined when companies like Acadia give bonuses despite poor performance.

“The whole argument of tying your compensation to the stock price is so that the executives will bear risk of their actions,” she said. “This is just going completely against that.”

Acadia Healthcare Company Inc Bonuses Executive Compensation Mental Health and Disorders Stocks and Bonds Wages and salaries
Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email
Previous ArticlePhoebe Gates, the Daughter of Bill and Melinda Gates, Steps Into the Spotlight
Next Article The Cybercriminals Who Organized a $243 Million Crypto Heist

Related Posts

How Hard It Is to Make Trade Deals

How Hard It Is to Make Trade Deals

June 4, 2025
An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips’

An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips’

June 4, 2025
Do You Know the Jobs These Authors Had Before They Found Literary Success?

Do You Know the Jobs These Authors Had Before They Found Literary Success?

June 2, 2025
The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

June 2, 2025
Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

May 27, 2025
Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
How Hard It Is to Make Trade Deals

How Hard It Is to Make Trade Deals

By News RoomJune 4, 2025

President Trump has announced wave after wave of tariffs since taking office in January, part…

An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips’

An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips’

June 4, 2025
Do You Know the Jobs These Authors Had Before They Found Literary Success?

Do You Know the Jobs These Authors Had Before They Found Literary Success?

June 2, 2025
The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

June 2, 2025

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

About Us
About Us

Influential Magazine is one of the top news portals about Business and Finance news for Entrepreneurs and leaders all around the world, follow us for more intersting articles and news.

Our Picks
The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

June 2, 2025
Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

May 27, 2025
Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Trending Now
Markets Head Lower in Wake of Concerns About U.S. Debt

Markets Head Lower in Wake of Concerns About U.S. Debt

May 19, 2025
Video: How Staffing Shortages Have Plagued Newark Airport

Video: How Staffing Shortages Have Plagued Newark Airport

May 17, 2025
Father and Son Duo Launch PlayZer Media to Support Southern England’s Grassroots Music Scene

Father and Son Duo Launch PlayZer Media to Support Southern England’s Grassroots Music Scene

May 16, 2025
Influential Magazine
Facebook X (Twitter) Instagram LinkedIn
  • Home
  • Privacy Policy
  • Contact
  • Terms & Conditions
© 2025 Influential Mag. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.