HCA CEO Richard Bracken Earned $46.3M in 2012

In fiscal year 2012, Richard Bracken, chairman and CEO of Nashville, Tenn.-based Hospital Corporation of America, recorded total compensation exceeding $46.3 million — one of the highest, single-year amounts ever doled out to a for-profit hospital executive.

The figures come from HCA's proxy filing with the U.S. Securities and Exchange Commission, released today. Mr. Bracken's base salary remained stable year-over-year, totaling roughly $1.39 million, but his vested stock options exploded.

Because HCA performed well financially, Mr. Bracken's stock appreciation right awards totaled $11.8 million, and he also recorded almost $22 million in other vested stock options. The remainder of his compensation package was comprised of cash incentives ($3.36 million) and pension/deferred earnings ($7.8 million). Overall, the $46.3 million payday was more than eight times his compensation from FY 2011, when he earned $5.7 million but did not vest any stock.

R. Milton Johnson, HCA's president and CFO, was the second-highest-paid HCA executive for 2012. He earned $27.2 million in total compensation. That included a base salary of $891,650, $1.44 million in cash bonuses, $3.63 million in deferred earnings, $5.58 million in stock appreciation right awards and more than $15.7 million in other vested stock options. Mr. Johnson's compensation this past year dwarfed the total from 2011, when he earned $2.76 million.

The next three highest-compensated HCA officers were President of Operations Samuel Hazen, National Group President Charles Hall and President of Operations and Service Lines Group A. Bruce Moore Jr. Mr. Hazen earned $16.9 million, third-most among HCA leaders. Mr. Hall made $12.9 million, while Mr. Moore earned $9.7 million.

In FY 2012, HCA posted more than $1.6 billion in profit, and its revenue surged 11.2 percent to more than $33 billion. HCA is the largest for-profit acute-care hospital operator in the country, with 162 hospitals under its ownership.

More Articles on Hospital Executive Compensation:

HMA Grants $3M to CEO Gary Newsome for Profitable 2012
IASIS CEO Carl Whitmer's Compensation Tops $1.9M in Down Year
Compensation for Vanguard CEO Charles Martin Jr. Doubles to $7.9M in 2012

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