Wayne Smith, chairman, president and CEO of Franklin, Tenn.-based Community Health Systems, saw his total compensation nearly double from 2008 to 2010, receiving more than $20.9 million last year, according to a Wall Street Journal report.
In 2008, Mr. Smith’s total compensation was close to $10.7 million but grew to $17.8 million in 2009, according to figures reported by WSJ from a company proxy statement filed with the Securities and Exchange Commission.
As part of the $20.9 million package, Mr. Smith received $5.4 million in cash salary and incentive pay, $6.78 million in restricted stock awards, approximately $8.2 million in deferred earnings and more than $55,400 for personal use of corporate aircraft.
Read the WJS report on Community Health Systems.
Read more about executive compensation:
– 3 Smart Ways to Disclose Executive Compensation at a Non-Profit Hospital
– 8 Steps to Building a Truly Transparent Hospital
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