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Article: The big pay; In the midst of a recession, healthcare execs see their compensation make a marked decline.(NEWS)
- Article from:
- Modern Healthcare
- Article date:
- August 3, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Vince Galloro, Rebecca Vesely and Jessica Zigmond
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Perhaps the day has come that critics of executive compensation have been waiting for.For the first time in its seven years, Modern Healthcare's annual survey of corporate CEO pay has failed to turn up a healthcare CEO who raked in more than $15 million in compensation last year. The performance of the stock market in 2008 was a big reason that the compensation of the 30 CEOs covered by the survey was relatively low. Not a single CEO cashed in stock options worth more than $10 million in 2008, also a first for the survey.
The relative down year for healthcare CEO ...