Tenet Board Shrinking as Challenges Loom

Tenet's (THC Quote) board continues to undergo reconstructive surgery.

The company's governing body -- altered significantly during a tumultuous 2003 -- is about to lose more than a quarter of its members. Three directors, including one newcomer, are resigning. A fourth may follow suit next year.

The company, which has no plans to replace the three departing directors, will be left with an eight-member board after next month's annual meeting. Tenet critics have repeatedly called upon the company to expand the board -- and make it truly independent. ...