< 1 min read
July 28, 2015
Redken founder Paula Meehan pledged $5m to CA's St John's Hospital foundation, but later revoked gift; now hospital is suing her estate in hopes of getting the money.
"Paula Kent Meehan made a fortune after launching the Redken hair-care products company in the 1960s. She spent the last years of her life giving that money to charity. One of the biggest beneficiaries was supposed to be St. John's Health Center, a storied Santa Monica hospital founded by Roman Catholic nuns.... But in 2013, Meehan revoked her pledge to the St. John's foundation after the ouster of the hospital's top executives and the proposed sale of the nonprofit Catholic hospital." --Steward Pfeifer, the Los Angeles Times