Hospital CEO Salaries: Are The Big Bucks Justified? - Page 4Register Today!
- Jun 25, '12 by TheCommuterQuote from RuthfarmerI totally agree. More people need to start questioning authority and the decisions that they make. More people need to stop blindly obeying authority figures.Questioning the legitimacy of plutocratic decisions is absolutely NOT class warfare. It is a mechanism for survival.
Authority does not automatically equal legitimacy.
- Jun 25, '12 by HM-8404Quote from nursel56You used one person as an example of how it must not be that difficult to run a successful multi-billion dollar company. What I posted was silly hyperbole? I guess I could have corrected you by telling you that Steve Jobs founded Apple not Microsoft. That was Bill Gates.I don't think you have any idea what my way of thinking is, and that's just silly hyperbole. You made a blanket statement about the formal education of the average executive, when in reality formal education comes after the inherent personal characteristics of successful people. That was especially true in the past when access to formal education was more limited. I think people in general tend to ascribe traits to people they don't know that fall in line with their general political outlook, especially when they encounter a lot of people with opposing viewpoints in a discussion such as this one. It's somewhat idealistic to believe an executive, because he or she is an executive, possesses the characteristics you described. Just as all executives are not evil Jeffrey Skilling types either, thank God.
- Jun 25, '12 by nursel56Quote from HM-8404Going by your way of thinking we should just shut down all colleges because Steve Jobs was successful without a college degree.You used one person as an example of how it must not be that difficult to run a successful multi-billion dollar company. What I posted was silly hyperbole?
Yeah. What would you call it?
I guess I could have corrected you by telling you that Steve Jobs founded Apple not Microsoft. That was Bill Gates.
- Jun 25, '12 by chucksterCEO salaries are approved by the board of directors of the corporation, ipso facto justifying them. Questioning the legitimacy of plutocratic decisions is class warfare, pure and simple.
- Jun 25, '12 by kcmylornI will add this- even as a nurse or especially because I am a nurse:
I am sick and tired of my hard earned tax dollars being thrown , given away to these healthcare systems to bail them out when one employee takes home a multimillion dollar paycheck.
I am sick an tired of being so short staffed because to that one employee's multimillion dollar paycheck.
I am sick and tired of that short staffing because that one employee takes home that multimillion dollar paycheck, my license is in jeapordy every time I go to work. .
I am sick an tired of having medical bills to payoff for 2-,3 and 4 years that are $9,000 and $7,000 from a family members stay at one of these fine 5 Star Poop Hotels because that one employee's paycheck and those of his/her/it's fellow CEO'shave driven healthcare so unaffordable. That $7,000 and $9,000 could have got me my BSN completion that those %Star poop hotel masters keep sqacking about and putting the ANA up to pushing. And to top it off- they are not going to pay us any more for that BSN designation.
This one employee's paycheck is such a dirty splat of embarassment on the face of health care and every licensed healthcare profession alive today. If these doofus board of mistrustees want to pay one sorry butt individual that kind of money - let it come out of their own personal households and own personal bank accounts. Let their families tighten their belts and scrimp for a while.!!!!!!!!!!!!!!!!!!!!!!
- Jun 27, '12 by ChiggysmomQuote from RuthfarmerAmen! If the hospital needs to make up for lost money or anticipated budget shortfalls why do they take it out on the nurses and the patients? I agree whole heartedly, that if they're not making any sacrifces in their big salary's and other components of their compensation packages that also add up to big bucks why do they expect us to carry more of the burden than they're willing to carry?There are many components to the big picture.
Working dangerously short staffed creates life and limb threatening situations. When worse case scenarios occur, they can be disasterous for patients and their families. Let's just set the issue of needless human suffering aside. The financial cost to defend, litigate, and attempt to make these situations right is tremendous. These costs have to be met regardless of whether or not patients are paying their bills. In fact, if there are damages and a breach in the standard of care is evident, then the hospital is going to eat the cost of care any way.
My point is that no unit should be short staffed "due to the budget," if the budget provides for excessive and unreasonable compensation for the executives.
- Jun 27, '12 by jo_ER_NurseI'd like to see CEO salary information made available to all staff and volunteersQuote from TheCommuterCEO is a widely used acronym in the corporate world that stands for 'chief executive officer.' The CEO of a hospital or healthcare system is the top executive in charge who bears the main responsibility for the organization's comprehensive operations and performance. In other words, the hospital CEO is the man or woman (typically a male) with the ultimate authority to make the big decisions regarding the manner in which the hospital will be run. The effects of the hospital CEO's decisions trickle down to all areas of the healthcare system in which he runs and can have lasting effects.
Healthcare expenditures in the United States have been escalating for quite some time. In this current era of rising healthcare costs, members of the public have been paying close attention to the compensation packages of hospital CEOs. The 2010 national average salary and bonus for a hospital CEO is $517,000 and $909,000 for a health system CEO, according to consulting firm Integrated Healthcare Strategies, reports Georgia Health News (Cheung, 2011).
Furthermore, many hospital CEOs earn salary packages that greatly exceed the national average. Nine percent of nonprofit hospital chief executives in the Midwest are paid more than $1 million a year, according to a new report (Glenn, 2011). Additionally, some hospital CEOs are paid multimillion dollar salaries each year. Javon Bea, president and CEO of Janesville, Wis.-based Mercy Health System, who made roughly $3.6 million in total compensation in 2009, is defending his salary, saying it has no effect on healthcare costs, according to a Janesville Gazette report (Herman, 2011).
Are these hefty salary ranges justifiable in this day and age? I'm assured that almost any highly paid hospital CEO would argue that certain talents and a specific skill set are required to successfully run health systems. Surely, nonprofit hospitals wish their executive salaries wouldnít be held under such a public microscope, but thatís the price of a tax exemption ó and itís a price that to them apparently is ultimately worth it (Glenn, 2011).
Does it make any sense to have leaders of hospitals who earn salaries that are often many times more than the other employees' pay, especially when many healthcare facilities are going out of business? It's a difficult question to answer, and we cannot reasonably expect to use simple solutions to resolve complex problems. This is just some food for thought.
- Jun 27, '12 by TheCommuterQuote from jo_ER_NurseThat's an excellent idea, as it would bestow more financial transparency onto the organization. Transparency is a good thing, even if it causes more public scrutiny regarding the CEO's bloated salary and compensation package.I'd like to see CEO salary information made available to all staff and volunteers
- Jun 27, '12 by woohOur CEO's salary was in a newspaper article (about nonprofit hospital CEOs' salaries) at the same time they told us they couldn't give us any raise at all because of the economy. It was FABULOUS timing.
- Jun 27, '12 by kcmylornCommuter- fantastic idea: Financial transparency Yah. baby!!