Retired HCA CEO Richard Bracken Made $16.5M in 2013

Richard Bracken, chairman of Hospital Corporation of America in Nashville, Tenn., made more than $16.5 million in 2013, one year after he made a record-setting $46.4 million, according to the company's latest proxy filing with the Securities and Exchange Commission.

RichardBracken HeadshotLast year, Mr. Bracken announced 2013 would be his last year as CEO of HCA, the largest for-profit hospital company in the country. However, he will stay on as chairman through 2014.

Mr. Bracken's salary again only increased marginally year-over-year, totaling $1.4 million last year. The remaining components of his compensation included stock options/rights ($10.8 million), incentives and bonuses ($3.3 million) and pension/deferred earnings ($1 million). In 2012, most of Mr. Bracken's compensation came from vested stock options.

Milton Johnson, currently HCA's president and CEO, served as president and CFO in 2013, earning more than $7.7 million compared with $27.2 million in 2012. Similar to Mr. Bracken, most of Mr. Johnson's compensation in 2012 stemmed from vested stock options. In 2013, his incentives totaled $1.4 million, and stock options/rights equaled $5.4 million. Mr. Johnson's base salary was a tick under $900,000.

The next three highest-compensated HCA officers were President of Operations Samuel Hazen, CMO Jonathan Perlin, MD, and American Group President Jon Foster. Mr. Hazen earned $5.1 million, third-most among HCA leaders. Dr. Perlin made $3.7 million, while Mr. Foster earned $4.2 million.

More Articles on Hospital Executive Compensation:
CEO Compensation of the 25 Top-Grossing Nonprofit Hospitals
14 New Jersey Health System CEOs Earned $1M+ in 2012
CHS Approves $2M Bonus for CEO Wayne Smith

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Learning Opportunities

Featured Whitepapers

Featured Webinars