The raise followed a recommendation by a committee formed to review Mr. Anderson’s pay. The committee advised the hospital to increase Mr. Anderson’s salary by $20,000 and return to incentive-based bonuses for all hospital executives. The committee considered adding an incentive bonus but did not make the bonus formal. According to the report, the most Mr. Anderson could receive in bonus pay would be 30 percent of his salary.
Mr. Anderson’s total cash compensation was around $625,000 last year with deferred compensation and other taxable benefits.
Read the Sign On San Diego report on Larry Anderson.
Read more on compensation:
–4 Factors That Determine Hospital Executive Compensation
–10 Recent Healthcare Compensation Controversies
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
