CEO pay in your hospital

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Gettingbsntomsn's post a few rows down started me thinking about CEO pay. It's well known that some CEOs make multimillion salaries and hospital CEOs are certainly not exempt. I found one 2006 report saying that the average hospital CEO made almost half a million a year, and the top 20 made an average of 1.4 mill/year. That's great money, and I don't begrudge them, UNLESS they are short staffing or paying their staff so little that some employees qualify for food stamps.

Anyone know how much their CEO makes? And if he or she makes a lot, is your hospital a good, safe place to work?

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CEO's don't just sit around doing nothing. Their job is to satisfy the stockholders. The stockholders are the ones who expect the business to make money. To maximize profits, the CEO (among others) has to cut costs, no matter who suffers.

So, although the CEO is worthy of the blame, don't forget to blame the system of profits above all else- the capitalist system.

I'm not advocating socialism- I am just against pure capitalism.

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CEO's don't just sit around doing nothing. Their job is to satisfy the stockholders. The stockholders are the ones who expect the business to make money. To maximize profits, the CEO (among others) has to cut costs, no matter who suffers.

So, although the CEO is worthy of the blame, don't forget to blame the system of profits above all else- the capitalist system.

I'm not advocating socialism- I am just against pure capitalism.

Oh, I understand that. We all like it when our stocks and mutual funds go up, myself included.

But I'm talking about the CEO making self profit vs hospital profit. It seems like when cost cutting measures are being discussed, the highups are the last to be affected.

Alan Mullaly, the Ford CEO, offered to work for a dollar if his company took bailout funds. So there are some CEOs who offer to share in the sacrifice.

I'm interested in any anecdotes about their CEOs making megabucks while their CNAs qualify for food stamps.

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Specializes in Med Surg.

But I'm talking about the CEO making self profit vs hospital profit. It seems like when cost cutting measures are being discussed, the highups are the last to be affected.

Alan Mullaly, the Ford CEO, offered to work for a dollar if his company took bailout funds. So there are some CEOs who offer to share in the sacrifice.

I hear you. I don't know what our CEO makes but our it seems like our benefits are slowly but surely dissappearing. We used to get no cost meals. The food wasn't great but it was free. Those were eliminated earlier this year.

Our health insurance deductible went up from 5k to 10k. For this I pay $400+ a month for myself and my teenaged daughter.

The hospital used to forgive the deductible and charged only a $50 copay for ANY in-house services. Not anymore.

We no longer get holiday pay. Instead we have 8 hours of PTO added into our "bank". Of course the nursing staff works 12 hour shifts. Also, good luck in actually getting to USE that PTO.

No raises now or in the forseeable future.

I buy my own gloves because the decision was made to switch from nitrile back to latex to save money. I'm giving serious thought to going ahead and wearing the latex and filing a workers comp claim when I break out in a rash complete with oozing blisters.

I could keep going but you get the picture. As much as I like what I'm doing, like my coworkers, and despite the fact that my grandparents helped build this place, I am giving serious thought to tuning up the old resume and seeing if there is life out there.

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Specializes in Cardiac Telemetry, Emergency, SAFE.

The facility i work for has the top execs in the hospitals salaries published every year in the local paper.

This year (including benefits like car and stocks) our hospitals CEO made over 1 million. The second in command (a nurse) made over 700k.

I guess its nice to be living large... :p

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The facility i work for has the top execs in the hospitals salaries published every year in the local paper.

This year (including benefits like car and stocks) our hospitals CEO made over 1 million. The second in command (a nurse) made over 700k.

I guess its nice to be living large... :p

So do you think your hospital is a decent place to work? Pays competitive wages, doesn't shortstaff to save a few bucks, etc?

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I have no idea what our CEO makes but when we got the news we wouldn't be getting raises they informed us upper management had agreed to take a 5% paycut. Of course, they didn't mention they'd also be giving up bonuses so for all we know the paycut might have been less of a cut and more of a delay.

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We had a cost saving campaign at a hospital I worked at where employees were asked to find ways of reducing costs so that we could "find" x amount of dollars.

"X" ended up being the exact amount of the CEO's bonus. Granted it was the CEO of the company that owned the hospital and many other hospitals, but still.

X was in the multiple millions of dollars.

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Hospital CEO's might make a million plus, but that pales in comparison to other companies where CEO's make hundreds of millions.

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Specializes in ICU.
"X" ended up being the exact amount of the CEO's bonus. Granted it was the CEO of the company that owned the hospital and many other hospitals, but still.

What an amazing coincidence!:rolleyes:

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I work in Canada where the health authority overseas the entire province. Our CEO is under some severe fire for his salary:

http://www.edmontonjournal.com/health/Premier+review+health+board/3269646/story.html

It's all a bit rich really. Our Premier is saying he honours contracts yet tries to niggle out of the agreed contract with nurses and teachers. Oh, and Duckit (as he's known to the frontline workers) is hated (yes, it's a strong word) because he feels that nurses are overpaid and have too much breaktime.

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Oh, NURSES are overpaid? He says that with a straight face???

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