King of Prussia, Pa.-based Universal Health Services CEO and President Marc Miller was paid 281 times what the median employee earned in 2024, according to a proxy statement filed April 3 with the Securities and Exchange Commission.
The 2024 annual compensation for Mr. Miller was $15,021,836. The median UHS employee’s salary in 2024 was $53,396. The ratio of these amounts is 281-to-1.
UHS said in the filing it determined its median employee by using the greater of the total annual W-2 wages of employees both in the U.S. and the U.K., or calculated annualized pay for those who commenced work during 2024 or were on a leave of absence. The employee population consisted of full-time, part-time and temporary workers.
The SEC requires public companies to disclose how CEO pay stacks up with the median employee’s overall compensation each year.
In 2023, UHS’ CEO-to-worker pay ratio was 287-to-1.
After Mr. Miller, the highest earners at UHS in 2024 were Executive Chair Alan Miller and CFO Steve Filton. They earned $7,931,946 and $5,002,133, respectively.
