• Hi! The search index is currently updating, search results will not include the full scope of the forums until it is complete.

Media reports, "Hospital CEO Donates Salary To Employees." Looks like he's keeping 98.% of his $26,788,251, to me

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.
Birdstrike

Birdstrike

Full Member
10+ Year Member
Joined
Dec 19, 2010
Messages
10,315
Reaction score
13,737
Members don't see this ad.
Did you see the article out today, "HCA CEO donates salary to employees"?

People close to HCA please fact check me on this, but based on my research my opinion is it looks more like, "CEO keeps 99.2% of his $26.8 million income for himself."

According to the article he's donating his "salary." They go on to say it's only two months of his "salary." If you look up his base "salary" in HCA financials (which I found online) it appears to be $1,425,000. Divide that by 12 months, then multiply by 2 months, and you get $237,500. But keep in mind his total yearly compensation is not only his "salary" of $1.4 million, but actually $26,788,251 !!!! (HCA financial statement, here) mostly in stock awards, bonuses and increased pension benefits.

For the media to say, "CEO donates salary" leaves the impressing he's working for free and giving all his salary to his employees. Based on what I'm seeing, that's incredibly misleading. Two months of his base salary looks to me, to actually only 0.8% of his yearly income.

Which is more accurate?

A. "CEO Donates Salary to Employees!" or,

B. "CEO keeps 99.2% of his massive $26.8 million income for himself, donates tiny fraction to employees"

Aren't those incredibly misleading headlines from the news organizations printing them? In my opinion, the idea for the press attention likely went right from one of Hazen's assistants, to the press and was carefully planted as PR to calm the masses.
 
RustedFox said:
Someone needs to publish Birdstrike's post. Somewhere where a lot of people would see it.
Click to expand...
Remember when I used to get stuff like this put on EP Monthly's online blog and KevinMD.com? Yeah, I'm too lazy to do that now. But someone else can by all means fact check the meat of it, and submit the spirit of the post in their own words to any of those sites, or traditional media if they want. The breadcrumbs are all there in blue.
 
Last edited:
Birdstrike said:
But keep in mind his total yearly compensation is not only his "salary" of $1.4 million, but actually $26,788,251 !!!! (HCA financial statement, here) mostly in stock awards, bonuses and increased pension benefits.
Click to expand...

This is a fairly common practice when it comes to compensating upper management in all industries so they get to shelter the majority of their seven or eight figure income from the progressive tax code.
 
Birdstrike said:
Did you see the article out today, "HCA CEO donates salary to employees"?

People close to HCA please fact check me on this, but based on my research my opinion is it looks more like, "CEO keeps 99.2% of his $26.8 million income for himself."

According to the article he's donating his "salary." They go on to say it's only two months of his "salary." If you look up his base "salary" in HCA financials (which I found online) it appears to be $1,425,000. Divide that by 12 months, then multiply by 2 months, and you get $237,500. But keep in mind his total yearly compensation is not only his "salary" of $1.4 million, but actually $26,788,251 !!!! (HCA financial statement, here) mostly in stock awards, bonuses and increased pension benefits.

For the media to say, "CEO donates salary" leaves the impressing he's working for free and giving all his salary to his employees. Based on what I'm seeing, that's incredibly misleading. Two months of his base salary looks to me, to actually only 0.8% of his yearly income.

Which is more accurate?

A. "CEO Donates Salary to Employees!" or,

B. "CEO keeps 99.2% of his massive $26.8 million income for himself, donates tiny fraction to employees"

Aren't those incredibly misleading headlines from the news organizations printing them? In my opinion, the idea for the press attention likely went right from one of Hazen's assistants, to the press and was carefully planted as PR to calm the masses.
Click to expand...

The author of that article, Ayla Eliison, is a managing editor of Becker's Hospital Review and a graduate of the Southern Illinois University law school. In other words, just another one of the many rent seekers who has become involved with the health care industry over the past several decades.
 
Yeah, when they charge 78k for a three day non icu, non procedural hospital stay, they should sink.
Hope they close a bunch of their hospitals.
 
You must log in or register to reply here.
Top