Connecticut Governor Blasts Hospital Executive Pay

Connecticut Gov. Dannel Malloy (D) recently spoke out on large compensation packages paid to hospital executives, saying it’s a national epidemic of pursuing “talent for short-term gains,” according to a Journal Inquirer report.

Advertisement

Gov. Malloy said hospital executive salaries today were a microcosm of the Wall Street mentality.

“The hospital industry is emblematic of what’s happened in executive compensation in the United States, where the multiple of the lowest-paid employee to get to the salary of the highest-paid employee has just exploded over the last 30 years,” Gov. Malloy said in the Journal Inquirer report. “Wall Street had a lot to do with that. No one’s a long-term investor anymore.”

More Articles on Hospital Executive Compensation:

12 Statistics on Hospital CIO Compensation in 2012
For-Profit Hospital Executive Compensation in the Past 5 Years: 46 Statistics
New Salinas Valley Hospital CEO to Receive Lower Salary Than Predecessor

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.

Advertisement

Next Up in Compensation Issues

Advertisement

Comments are closed.