Connecticut Gov. Dannel Malloy (D) recently spoke out on large compensation packages paid to hospital executives, saying it's a national epidemic of pursuing "talent for short-term gains," according to a Journal Inquirer report.
Gov. Malloy said hospital executive salaries today were a microcosm of the Wall Street mentality.
"The hospital industry is emblematic of what's happened in executive compensation in the United States, where the multiple of the lowest-paid employee to get to the salary of the highest-paid employee has just exploded over the last 30 years," Gov. Malloy said in the Journal Inquirer report. "Wall Street had a lot to do with that. No one's a long-term investor anymore."
Gov. Malloy said hospital executive salaries today were a microcosm of the Wall Street mentality.
"The hospital industry is emblematic of what's happened in executive compensation in the United States, where the multiple of the lowest-paid employee to get to the salary of the highest-paid employee has just exploded over the last 30 years," Gov. Malloy said in the Journal Inquirer report. "Wall Street had a lot to do with that. No one's a long-term investor anymore."
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