Donald Nestor, the former COO of non-profit Aurora Health Care in Milwaukee, received $8.2 million in salary, bonus and other compensation after his retirement in Jan. 2009, according to a Milwaukee Journal Sentinel report.
The price of the retirement package was disclosed in the healthcare system’s recently filed tax return, which comes two weeks after Aurora announced plans to eliminate 175 jobs by the end of 2010 due to decreased patient volume and mounting costs, according to the report.
Mr. Nestor said the $8.2 million included deferred and other compensation that had accumulated over his 20-year career with the healthcare system. In 2008, Mr. Nestor was paid $2.2 million.
Read the Milwaukee Journal Sentinel report on Aurora’s former COO.
Read more about executive compensation:
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The price of the retirement package was disclosed in the healthcare system’s recently filed tax return, which comes two weeks after Aurora announced plans to eliminate 175 jobs by the end of 2010 due to decreased patient volume and mounting costs, according to the report.
Mr. Nestor said the $8.2 million included deferred and other compensation that had accumulated over his 20-year career with the healthcare system. In 2008, Mr. Nestor was paid $2.2 million.
Read the Milwaukee Journal Sentinel report on Aurora’s former COO.
Read more about executive compensation:
-Highest-Earning Healthcare Industry CEO's Compensation Tops $30M
-Tarrant County Hospital District Board CEO Gets $50K Raise
-California Hospital CEO Receives 4% Pay Raise Following Committee Recommendation