Upper Chesapeake Health CEO Paid $900K While System Posted Huge Losses

While Upper Chesapeake Health in Havre de Grace, Md., lost nearly $70 million in the derivatives markets two years ago, the hospital system was still paying its CEO more than $900,000 in annual salary and bonuses, according to an Explore Hartford report.

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According to the report, Upper Chesapeake Medical Center in Bel Air and Harford Memorial Hospital in Havre de Grace posted a combined loss of $61 million in the fiscal year ending Dec. 2008.

The two hospitals also paid some of the highest salaries in the area, led by CEO Lyle Sheldon, who made more than $900,000 in 2009.

Read the Explore Hartford report on Upper Chesapeake Health executive salaries.

Read more on recent Maryland executive news:

-Physician Named CEO of Maryland’s GBMC Healthcare

Former University of Maryland Medical System CEO’s Pay Criticized

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