Carol Sim Named as President and CEO of Siskin Hospital
Siskin Hospital for Physical Rehabilitation officials announced Wednesday that Carol Sim, RN, has accepted the position of President and Chief Executive Officer, beginning February 1, 2014. Sim brings more than 30 years in healthcare and leadership experience to Siskin Hospital, including eleven years as a CEO.
“After conducting a thorough nationwide search, we are excited to have secured an individual the caliber of Carol Sim. She has a proven track record in hospital and health system executive management with a passion for rehabilitation and the patients served,” said Bob Best, Chairman of Siskin Hospital’s Board of Directors. “We are confident in Carol’s ability to build upon the strengths of Siskin Hospital and take the Hospital successfully into the future. She will be a dynamic asset to Siskin Hospital and the community.”
The retirement plans of current President and CEO Robert P. Main were announced in April and the national search began at that time. Main will assist with the transition and continue in his current position until the end of January. A search committee consisting of a national search firm and members of Siskin Hospital’s Board Executive Committee conducted the search for the Hospital’s next dedicated leader. Siskin Hospital’s Board of Directors unanimously approved Sim as the new President and CEO.
Sim recently served as President and CEO of the Rehabilitation Hospital of the Cape and Islands, a member of the nationally acclaimed Spaulding Rehabilitation Network in Boston. Her experience also includes serving as CEO of a rehabilitation hospital in Florida, as well as a home health organization in Connecticut. Additionally, Sim has served for sixteen years in a variety of clinical and management roles at Yale-New Haven Hospital.
“Carol is an excellent choice to continue the mission and culture of Siskin Hospital and to build on our reputation for excellence on a local, regional, and national level. Her character, enthusiasm for rehabilitation, and her proven success record will serve her well as the next leader of Siskin Hospital,” said Main.
Sim’s extensive community involvement as a director for many organizations such as the Cape Cod Symphony, Cape Cod Five Cent Bank, Cape Leadership Institute, and Cape Technology Council led the Cape Cod Times to characterize her as “one of a handful of the most influential people on the Cape over the past decade.” Sim was awarded the Cape Cod Leader of the Year Award from the Cape Leadership Institute and the Woman of Achievement Award from the Professional and Business Women’s Association of Cape Cod.
Sim holds a Bachelor of Science degree in Nursing, as well as a Masters of Public Health in Health Policy and Management, both from Columbia University.
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Last Update on March 02, 2015 08:27 GMT
ECONOMY- THE DAY AHEAD
WASHINGTON (AP) -- The Commerce Department will release reports today on personal income and spending for January as well as construction spending for the first month of the year. Also, the Institute for Supply Management will release its manufacturing index for February.
BERLIN (AP) -- Germany's finance minister says he trusts Greece's current government to fulfill the conditions for the bailout deal, but also made clear the country would not receive any further money if it didn't.
German Finance Minister Wolfgang Schaeuble told German newspaper Bild am Sonntag Sunday that "I trust them to implement the needed measures ... and to ultimately fulfill its obligations."
At the same time, Schaeuble warned that if Greece did not fulfill the demands laid out by the eurozone finance ministers in a four-month bailout plan, "there will be no more aid."
He also said it remains to be seen whether Greece needs more aid after the end of the current bailout plan, adding that "no matter what's going to happen, we will set very strict standards."
NEW YORK (AP) -- Hyundai is recalling about 263,000 cars in the U.S. and Canada because a sensor problem could cause drivers to lose power-assisted steering.
The company has not reported any injuries or accidents. A representative for Hyundai Motor America wasn't immediately available for comment.
The National Highway Traffic Safety Administration says a sensor in the affected cars could detect a discrepancy in the steering input and signals and disable power-assisted steering as a result. Cars would revert to manual steering and require greater effort to steer at low speeds, raising the risk of a crash.
The affected cars include model years 2008 to 2010 of Elantras and Elantra Touring vehicles made between Nov. 1, 2008 and April 30.
Owners can contact Hyundai's customer service at 1-855-671-3059.
UNDATED (AP) -- Dutch chipmaker NXP Semiconductors N.V. says it has agreed to buy its smaller rival Freescale Semiconductor Ltd. for $11.8 billion in a deal that will make it the biggest supplier of microchips to the automotive industry.
The deal pays Freescale shareholders only a small premium. Freescale's market value was $11.1 billion based on Friday's closing price.
The companies said on Sunday that NXP will assume Freescale's debt, pushing the total value of the deal to $16.7 billion.
Freescale is based in Austin, Texas. It's a former division of Motorola and makes microprocessors and microcontrollers for cars and industrial equipment.
The deal has been approved by the companies' boards. It's expected to close in the second half of the year if shareholders and regulators sign off.
BEIJING (AP) -- A new survey shows China's manufacturing activity improved in February for the first time in several months.
HSBC Corp. said Monday its purchasing managers' index rose to 50.7 from January's 49.7 on a 100-point scale on which numbers above 50 show activity increasing. It was the first improvement since October.
On Saturday, Beijing cut interest rates for a second time in three months in a sign of official worry that China's economic slowdown is deepening too abruptly.
HSBC said its survey found growth in output and total new orders accelerated but new export business declined for the first time in 10 months.
Input costs fell, raising the prospect that already low inflation could tumble into a potentially dangerous bout of deflation.
JET FUEL TAXES
ATLANTA (AP) -- Georgia lawmakers may eliminate a tax break for all airlines buying jet fuel at the world's busiest airport.
A bill filed in the House would cut the exemption at Atlanta's Hartsfield Jackson Airport. Supportive lawmakers say it would help the state get federal money for aviation improvements throughout the state.
They also argue the credit shouldn't be kept in place forever. A committee could soon approve the bill.
Representatives for Atlanta-based Delta Airlines say it's a tax increase that could hurt the airport's competitiveness.
Lawmakers created the exemption in 2005 as Delta was facing bankruptcy and have extended it several times before making it permanent in 2012. The bill's sponsor says Delta's CEO is pushing for tax increases for transportation but opposes losing the airline's benefit.
OMAHA, Neb. (AP) -- Berkshire Hathaway Inc.'s fourth quarter profit slid 17 percent because of declines in the paper value of its investments and derivative contracts.
Warren Buffett's company released its latest results Saturday along with his letter to shareholders.
Berkshire's quarterly net income declined to $4.16 billion, or $2,529 per Class A share, on $48.3 billion revenue. That's down from $4.99 billion, or $3,035 per share, on $47 billion revenue last year.
The biggest factor was investment and derivative gains of $192 million this year compared to $1.2 billion last year.
Buffett says operating earnings, which exclude investments, are often a better measure. Those were $3.96 billion, or $2,412 per share, up from $3.78 billion, or $2,297 per share.
The four analysts surveyed by FactSet expected operating earnings per of $2,655.09 on average.
OMAHA, Neb. (AP) -- Billionaire Warren Buffett says owning stocks is the key to building wealth over time, but investors must avoid the common mistakes of trading too often and paying high investment fees.
The billionaire investor says there's every reason to expect stocks to perform well long-term, even if prices are volatile.
Buffett says his Berkshire Hathaway Inc. conglomerate benefited over the past 50 years from the S&P 500's growth from 84 to 2,059.
He says no commentator or investment adviser can predict the stock market. He said "market forecasters will fill your ear but will never fill your wallet."
Buffett isn't immune from investing mistakes. He told Berkshire shareholders the company lost $444 million on its investment in British retailer Tesco largely because he was slow to sell the $2.3 billion stake.
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