University of California Los Angeles regents are facing criticism for boosting the annual compensation of UCLA top hospital executive David Feinberg by $410,000, while the university simultaneously raises employee contributions to its badly underfunded retirement plans, according to an LA Times report.
Mr. Feinberg's total compensation will jump to around $1.3 million. Officials say $250,000 of the raise will come from private donations, according to the report.
UCLA Chancellor Gene Block said the university hospital must keep Mr. Feinberg's compensation competitive if it expects the top executive to stay. Three regents voted against the raises, raising concerns that increases were inappropriate during a time of university cutbacks.
Read the LA Times report on UCLA hospital executive compensation.
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Mr. Feinberg's total compensation will jump to around $1.3 million. Officials say $250,000 of the raise will come from private donations, according to the report.
UCLA Chancellor Gene Block said the university hospital must keep Mr. Feinberg's compensation competitive if it expects the top executive to stay. Three regents voted against the raises, raising concerns that increases were inappropriate during a time of university cutbacks.
Read the LA Times report on UCLA hospital executive compensation.
Read more on compensation:
-Physician Incentive Plans on the Rise
-8 Statistics About Compensation of CEOs and CFOs of Non-Profit Healthcare Organizations