Charles Martin Jr., CEO of Vanguard, will earn $7.94 million, which includes roughly $2.08 million in incentives. Vanguard CFO Phillip Roe will make $2.36 million, while President and COO Kent Wallace’s compensation package will total $2.75 million.
Nearly 64.5 million stockholders ratified the pay packages, while 309,015 voted against the measure. The votes represent the “say-on-pay” provision of the Dodd-Frank act. However, the votes are nonbinding and cannot officially change the payouts for a company’s top executives.
More Articles on Hospital Executive Compensation:
SunLink CEO Robert Thornton Jr.’s Compensation Doubles in 2012
Compensation for Vanguard CEO Charles Martin Jr. Doubles to $7.9M in 2012
CFO Compensation of the 25 Top-Grossing Non-Profit Hospitals
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
