Humana's board of directors adjusted its membership growth goal when it became clear the target wouldn't be met, allowing top executives to cash in stock awards based on performance, WDRB reports, citing a recent proxy statement.
Compensation Issues
President Donald Trump signed the Tax Cuts and Jobs Act into law Dec. 22, 2017. This law not only overhauled the tax code, but included key provisions affecting executive compensation for tax-exempt organizations.
Brian Moynihan, CEO of Bank of America, made $250 for every $1 his median employees took home in 2017, according to a proxy statement filed with the Securities and Exchange Commission.
Molina Healthcare CEO Joseph Zubretsky made $450 for every dollar a median employee made in 2017, according to a proxy statement filed with the Securities and Exchange Commission.
General Electric senior managers won't receive cash bonuses after the company lost money in 2017, Reuters reports.
In the wake of the nationwide nursing shortage, hospitals and other healthcare facilities, including Aurora, Colo.-based UCHealth and Falls Church, Va.-based Inova Health System, are offering large incentive packages to recruit and retain nurses, according to a CNNMoney report.
For-profit health systems and larger nonprofit health systems are increasingly using long-term incentive plans, which give executives and managers stock-based compensation for accomplishing strategic objectives, according to a SullivanCotter report.
As companies are now required to disclose the gap between their CEO's pay and the average employee's pay, the vast majority of companies do not plan to provide much more than the required ratio, only according to a Bloomberg Law…
Out of 15 best places to work for compensation and benefits, Oakland, Calif.-based Kaiser Permanente snagged the No. 2 spot, according to an analysis by Indeed.
Data analysis by Indeed, a job website, showed "registered nurse," "RN," and "LPN" were among the top ten most-searched terms on Indeed Resume in 2017.