Court Lets Stand Tenet Request on Exec Award

Tenet Healthcare Corp. said the California State Supreme Court let stand an appellate court decision to award about $148 million to a former executive who was fired 10 years ago.

The court also denied a petition by John Bedrosian, the fired executive and a founder of Tenet’s predecessor company, to reverse a lower-court decision that reduced the award from about $253 million and to reimburse his legal fees.

Bedrosian was 58 when he was fired in 1993 as senior executive vice president of Tenet’s predecessor, National Medical Enterprises. Bedrosian’s lawsuit claimed he was promised a job at National Medical until he turned 65.