More than 85 percent of Health Management Associates shareholders approved the pay of the Naples, Fla.-based hospital company's top executives during its annual shareholders meeting, according to a disclosure with the Securities and Exchange Commission.
In April, Health Management revealed that President and CEO Gary Newsome earned $8.3 million in total compensation last year, a 16.8 percent increase from his pay in 2011. Health Management CFO Kelly Curry made $3.47 million, up from $3.41 million in 2011.
Corporate say-on-pay votes in the United States are still only classified as "advisory," meaning they are nonbinding and cannot actually change the payouts for a company's top executives.
In April, Health Management revealed that President and CEO Gary Newsome earned $8.3 million in total compensation last year, a 16.8 percent increase from his pay in 2011. Health Management CFO Kelly Curry made $3.47 million, up from $3.41 million in 2011.
Corporate say-on-pay votes in the United States are still only classified as "advisory," meaning they are nonbinding and cannot actually change the payouts for a company's top executives.
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