A recent staff editorial in the Mercury News took issue with the current ballot initiative in the Mountain View, Calif., area that would limit the pay of El Camino Hospital executives, calling it the "Most Irresponsible Local Ballot Measure of 2012."
The ballot measure, Measure M, would cap the compensation of executives at the hospital to no more than twice the salary of California's governor, or about $330,000 based on Jerry Brown's recent self-imposed pay cut. The Service Employees International Union-United Healthcare Workers West was able to put the issue on this November's ballot after it gathered thousands of signatures from district voters.
The newspaper said the measure "may be illegal," and it would be a "bad idea to limit executive compensation in this highly specialized and competitive field." Further, the newspaper staff said the measure was a "self-serving" ploy by the SEIU, which launched the effort amid a labor dispute with the hospital that demanded better pay and benefits.
What are your thoughts? Would these types of measures to limit executive pay be beneficial for hospital management, or would executive compensation caps be a hindrance? Email Bob Herman at bherman@beckershealthcare.com with your thoughts.
The ballot measure, Measure M, would cap the compensation of executives at the hospital to no more than twice the salary of California's governor, or about $330,000 based on Jerry Brown's recent self-imposed pay cut. The Service Employees International Union-United Healthcare Workers West was able to put the issue on this November's ballot after it gathered thousands of signatures from district voters.
The newspaper said the measure "may be illegal," and it would be a "bad idea to limit executive compensation in this highly specialized and competitive field." Further, the newspaper staff said the measure was a "self-serving" ploy by the SEIU, which launched the effort amid a labor dispute with the hospital that demanded better pay and benefits.
What are your thoughts? Would these types of measures to limit executive pay be beneficial for hospital management, or would executive compensation caps be a hindrance? Email Bob Herman at bherman@beckershealthcare.com with your thoughts.
More Articles on Hospital Executive Compensation:
El Camino Hospital in California Spends $149k to Defeat Executive Pay Ballot Measure
Audit Says El Camino Hospital District in California Needs to Improve Transparency
SEIU Submits Signatures to Limit El Camino Hospital Executive Salaries