Compensation Issues

Up for a Raise, Tri-City Medical Center CEO’s Salary Ranks in 74th Percentile

Larry Anderson, CEO of Tri-City Medical Center, a public hospital district in Oceanside, Calif., may receive another raise this fall, but a salary study showed his compensation is already in the 74th percentile of CEO pay at other similarly sized hospitals across the United States, according to a North County Times report.

By: Staff

Monday, August 6th, 2012

Last December, Mr. Anderson received a $15,000 salary hike, his second raise since November 2010. Last August, he also received a $115,000 bonus after helping steer the financially ailing hospital’s turnaround. In total, his compensation surpassed $700,000 in 2011 between salary, bonuses and other benefits.

Tri-City’s board commissioned a compensation study to see if another salary raise was warranted. The hospital said it seeks to have CEO pay in the 50th to 65th percentile, according to the report. Accounting for geographic differentials, Mr. Anderson’s compensation fell in the 56th percentile.

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