Although many executives at the eight largest for-profit hospital companies experienced increases in total compensation in 2011 compared with 2010, base salaries did not fluctuate much.
In addition, only a couple hospital company compensation committees approved detailed executive base salary raises for 2012. Out of the eight major hospital companies, only two reported base salary increases for top executives — Hospital Corporation of America and Vanguard Health Systems, both based in Nashville, Tenn. Six total executives across the two companies are making more in base salaries this year than in 2011.
Note: All statistics come directly from each hospital company's most recent definitive proxy statements filed with the U.S. Securities and Exchange Commission (SEC Form DEF 14A). Statistics listed are only the 2012 base salaries.
• CEO Richard Bracken: $1.4 million (5.7 percent increase from 2011)
• President and CFO R. Milton Johnson: $900,000 (5.9 percent increase from 2011)
• President of Southwest Group Jon Foster: $700,000 (10.8 percent increase from 2011)
• CEO Charles Martin Jr.: $1.25 million (13.8 percent increase from 2011)
• President and COO Kent Wallace: $725,000 (5.8 percent increase from 2011)
• CFO Phillip Roe: $650,000 (23.8 percent increase from 2011)
In addition, only a couple hospital company compensation committees approved detailed executive base salary raises for 2012. Out of the eight major hospital companies, only two reported base salary increases for top executives — Hospital Corporation of America and Vanguard Health Systems, both based in Nashville, Tenn. Six total executives across the two companies are making more in base salaries this year than in 2011.
Note: All statistics come directly from each hospital company's most recent definitive proxy statements filed with the U.S. Securities and Exchange Commission (SEC Form DEF 14A). Statistics listed are only the 2012 base salaries.
Hospital Corporation of America
• CEO Richard Bracken: $1.4 million (5.7 percent increase from 2011)
• President and CFO R. Milton Johnson: $900,000 (5.9 percent increase from 2011)
• President of Southwest Group Jon Foster: $700,000 (10.8 percent increase from 2011)
Vanguard Health Systems
• CEO Charles Martin Jr.: $1.25 million (13.8 percent increase from 2011)
• President and COO Kent Wallace: $725,000 (5.8 percent increase from 2011)
• CFO Phillip Roe: $650,000 (23.8 percent increase from 2011)
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