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BAPTIST LIFE IN RED-INK BIND \ NEW LEADER FACES SOME TOUGH CHOICES.(News)
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The Kentucky Post (Covington, KY)
- Article date:
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October 17, 2003
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Copyright informationCOPYRIGHT 2003 The Kentucky Post. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kevin Eigelbach Post staff reporter
The new leader of Northern Kentucky's larg-est private senior-citizens care corporation has his work cut out for him -- cutting expenses to plug a $1 million hole in the organization's budget.
Stopping the flow of red ink will be one of new CEO Bob Long's first priorities for Baptist Life Communities, which operates the Baptist Towers and other homes for the elderly, said the Rev. Larry Davis, a member of the corporation's board of trustees.
He expects that Long, a respected, longtime former pastor from Louisville, will look at reducing the organization's payroll of about $17.5 million, which is more than 60 percent of ...
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