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Sunday, June 22, 2025

Ex-NUMC CEO accused of stealing $1M in exit payouts calls allegation ‘political hit-job’

 Nassau University Medical Center’s new leadership has made explosive claims that its recently ousted CEO stole at least $1 million from the hospital through improper exit payouts, leaked documents show.

The letter, signed by interim CEO Dr. Richard Becker and sent to former CEO Meg Ryan on Wednesday, accused her of stealing the lump sum of money for herself and 12 other employees who resigned along with her at the end of May.

“It has come to our attention that you authorized payments of approximately $3.5 million to yourself and 12 former employees,” Becker asserted in the letter, a copy of which was obtained by The Post. “It appears that at least $1 million of this amount was in excess of amounts that were due to you and the other employees for wages and leave payouts.”

Former Nassau University Medical Center CEO Meg Ryan has been accused of stealing $1 million from the hospital through improper exit payouts.Stefano Giovannini

Becker ends the letter by firing Ryan, removing her from administrative leave and giving her until Friday to respond to the allegations and possibly retain her job. The letter was leaked Thursday night by state officials as Ryan was preparing to present her case.

A rep for Ryan told The Post that the allegations and the subsequent leak are part of a “political hit-job” to try and derail her credibility and career by turning her resignation into a for-cause termination tied to claims of fraud.

The representative said Ryan unequivocally denies the accusations made in the letter — and is now firing back with a lawsuit against Becker and NuHealth, the public benefit company that runs the hospital, claiming that the corporation is “trying to wriggle out of its obligations” in Ryan’s contract by “ginning up ‘cause’ where none exists.

“This is an attempt to distract from the State’s own corruption in the handling of NUMC’s finances,” the rep for Ryan said. “This leak came straight from the second floor of the governor’s office. The people who perpetuated the fraud fired the people who uncovered the fraud — and now control the hospital.”

The Long Island hospital’s interim CEO Dr. Richard Becker claimed that Ryan authorized $3.5 million in payments to herself and 12 former employees.Stefano Giovannini

The former CEO has been battling with state officials for years and opposing the recent state takeover of the hospital. She is now part of a federal investigation into her bombshell claims of a $1 billion scheme by state and local officials to defund the public hospital.

The state denies it has any intention to shut down the medical center, which serves nearly 300,000 patients a year. But documents obtained by The Post revealed a letter that NUMC received from the state’s Department of Health, signed by Gov. Hochul, in March 2024 that said the hospital’s current model was financially unsustainable and specifically recommended it cut staff and be converted into a 120-bed behavioral health facility.

Nassau County Executive Bruce Blakeman announced he and the GOP majority in the county legislature would not be making their four combined picks to the newly formatted hospital board out of protest — and instead would be naming Hochul in another lawsuit to overturn the “illegal takeover.”

A representative of Ryan called the allegations a “political hit-job” to destroy her career.Stefano Giovannini

Since the takeover earlier this month, roughly 75 employees have resigned, including the hospital’s chief medical, nursing, human resources and information officers, as well as senior leaders in pharmacy, facilities, finance, and special projects.

Sources with the hospital also revealed to The Post that the new board may have violated state open meetings laws on top of others.

They claimed that the day Ryan was ousted as CEO in the first board meeting since restructuring, a finalized meeting agenda was not shared until an hour before the session.

They also accused hospital and board officials of breaking state procurement rules by signing an undisclosed contract with Deloitte to handle the hospital’s finances and operations.

NuHealth did not respond to a Post request for comment.

“The state’s focus at NUMC remains on patient care and the hospital’s fiscal stability. That’s all that matters — everything else is just noise,” said Gordon Tepper, the governor’s Long Island rep, last month.

https://nypost.com/2025/06/22/us-news/ex-numc-ceo-meg-ryan-accused-of-stealing-1m-in-exit-payouts-but-calls-allegation-political-hit-job/

'Fed may need less forward guidance in uncertain times, San Francisco Fed chief says'

 The US central bank should consider giving less forward guidance about its monetary policy intentions, particularly in uncertain times, San Francisco Federal Reserve Bank President Mary Daly said on Sunday.

“Words have power, which is a great tool. But words can be harder to reverse than the interest rate,” Daly said in remarks prepared for delivery to the Western Economic Association International annual conference that did not include any comments on the economic or monetary policy outlook. “They set expectations, which can be hard to change in the event the economy evolves differently than we expect.”

Mary Daly speaking at the Federal Reserve Bank of San Francisco.
San Francisco Federal Reserve Bank President Mary Daly.Bloomberg via Getty Images

In 2021, the Fed said it would keep expanding its balance sheet and would not raise rates until inflation was on track to exceed its 2% goal for some time, an approach it felt was warranted given that inflation had under-run the 2% goal for years. Analysts and many Fed policymakers now say they believe the Fed was late to start raising rates to fight rising inflation in part because of this definitive guidance.

“The lesson for me from that period is that being definitive in highly uncertain times comes with a price,” Daly said. The central bank should, she said, be flexible and dynamic in how it communicates to the public.

The Fed is currently reevaluating its policy framework, and Daly said her remarks were not specifically about that effort. The Fed is also expected to redo its approach to communications, including potential changes to its so-called “dot plot” setting out Fed policymakers’ expected rate paths and used by markets as a guide to where the Fed expects rates to go.

https://nypost.com/2025/06/22/business/federal-reserve-may-need-less-forward-guidance-in-uncertain-times-san-francisco-fed-chief-says/

'NYC unleashes rat death squad to gas vermin with carbon monoxide, bury them in tree-pit graves'

 They’re on a mission to put the city’s vermin problem to bed.

The Adams administration is unleashing an $877,000 rat death squad to find the rodents, gas them to death with carbon monoxide and bury them in and around the Big Apple’s 600,000 tree beds.

Francis Fernandez, an exterminator for NYC Parks (left) and NYC Mayor Eric Adams (center) during a demonstration after the announcement of new rat mitigation team.Michael Nagle

The Street Tree Bed Rat Mitigation program will include a specialized team of a dozen exterminators, park workers and others with inspecting tree beds and deploying carbon monoxide inside rat burrows – where “rodent squatters” will meet their ends with their tunnels turned to graves, officials said at a news conference on Sunday.

“By cleaning up trash and hiring a team of experts to clear out burrows while caring for our trees, we are reclaiming public space, fighting rats, and improving quality of life for all New Yorkers,” Mayor Eric Adams said in a statement. “Our administration continues to build on the work we are doing to end the dominance of trash and rats on our streets.”

“By cleaning up trash and hiring a team of experts to clear out burrows while caring for our trees, we are reclaiming public space, fighting rats, and improving quality of life for all New Yorkers,” Mayor Eric Adams said.Michael Nagle
The gassing process boasts a 95% kill rate for seven days, takes about three minutes and does not require a license to operate the proper equipment, Adams said.

Officials said the gas doesn’t pose a risk to humans or non-rats, and the noisy equipment used to deploy the carbon monoxide will be at least 10 feet away from the foundation of nearby buildings.

Officials said the gas poses no risk to humans or non-rats, and the noisy equipment used to deploy the carbon monoxide will be at least 10 feet away from the foundation of nearby buildings. Michael Nagle

The latest initiative in the war on rats – followed by the containerization of 70% of the city’s street trash and even a rat birth control program – is set to put an end to the “historically exploited” street tree beds used by vermin as a breeding ground, officials said.

“As a lifelong New Yorker … my main concern was always the tree beds,” Prospect Heights resident and Sterling Place Committee on Rat Mitigation (SCRAM)  member Mark Abbott said at the news conference at Stroud Playground.

“At night, [rats] would come out and they would cross into people’s yards – you were afraid to walk down the streets at night because you never knew when one of these things would jump out and decide to scurry across your feet or bring their babies with them,” he said. “I am so happy to see that this is actually happening.”

But not everyone wants to see rats meet their maker.

A rat in Delury Square in Manhattan’s Financial District.Stephen Yang

John Di Leonardo, executive director of the animal advocacy group Humane Long Island, told The Post that the rats will suffer a “slow and painful death” due to the poison – and argued lethal methods don’t work “as the resultant spike in the food supply causes accelerated breeding among survivors.

“There will always be rats in New York City, and a walk through any part of the city shows plenty of food and trash on the sidewalk and streets,” Di Leonardo added. “If that’s taken care of, the rat population will decrease naturally. Carbon monoxide kills people and pets every day, never intentionally – using it in city parks and streets is both cruel and reckless.”

The latest initiative in the war on rats – followed by containerizing 70% of the city’s street trash and even feeding the rodents birth control – is set to put an end to the “historically exploited” street tree beds used by vermin as a breeding ground.Michael Nagle

The city’s kill team will start “immediately” and respond to referrals from the health department and 311 reports – such as the 2,300 street tree bed-related rat reports received last year, Parks sources said.

The team is expected to see disproportionately high calls to “rat mitigation zones” in Bedford-Stuyvesant/Bushwick, Harlem, Bronx Grand Concourse  and East Village/Chinatown.

In each of the last six months, 311 complaints of rodent sightings have decreased compared to the same months last year, with sightings down 22% last month and 17% to date this month, City Hall said — largely attributing the success to changing waste containerization rules.

“For too long, rats in street tree beds have gone unaddressed — undermining the hard work of both city agencies and local communities,” NYC Parks Commissioner Rodriguez-Rosa said.

“With this new investment, we’re closing that gap. By combining science-based, non-toxic approaches with dedicated staff, we’re protecting our trees, our neighborhoods, and our quality of life.”

https://nypost.com/2025/06/22/us-news/nyc-unleashes-rat-death-squad-to-gas-vermin-with-carbon-monoxide-bury-them-in-tree-pit-graves/