Here are some excerpts from a blog titled: Do I get paid too much
CEOs do not set their own salaries. Each hospital has a public board of trustees who determine the compensation for their chief executives and who also hold that CEO accountable for running the organization. The levels of compensation are subject to review by the Internal Revenue Service to ensure that they are within reason . . .
Here are the facts. As noted by the Globe, my total compensation was about $1 million in fiscal 2005. Of this . . .
Now, some background: The hospital is a billion-dollar-a-year enterprise . . .
So, if you were on my board, how would you set an appropriate salary? You might look at the competition, and . . .
Does it matter that the average tenure of a hospital CEO is under six years? If that is roughly the tenure of a major league baseball player, should CEO salaries be in the same ballpark? Sorry, I couldn't resist!
And, of course, how do you measure performance . . .
This is serious business that affects both the perception of hospitals in the public eye and also the ability of hospitals to attract the talent they need to run a complicated organization that is vital to the community . . .
Here are the facts. As noted by the Globe, my total compensation was about $1 million in fiscal 2005. Of this . . .
Now, some background: The hospital is a billion-dollar-a-year enterprise . . .
So, if you were on my board, how would you set an appropriate salary? You might look at the competition, and . . .
Does it matter that the average tenure of a hospital CEO is under six years? If that is roughly the tenure of a major league baseball player, should CEO salaries be in the same ballpark? Sorry, I couldn't resist!
And, of course, how do you measure performance . . .
This is serious business that affects both the perception of hospitals in the public eye and also the ability of hospitals to attract the talent they need to run a complicated organization that is vital to the community . . .
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Do I get paid too much