Sunday, August 29, 2010

Hospital CEOs get seven-figure salaries, country club memberships: Critics question whether nonprofits should pay so handsomely

The Baltimore Sun reports:
Baltimore-area hospital CEOs and presidents boast seven-figure salaries, club and gym memberships, and paid financial planning and tax services as part of compensation packages from their nonprofit employers.

Nearly a dozen hospitals cover country club dues for top executives. Carroll Hospital, in reporting the compensation to the IRS, disclosed that it requires its chief executive officer to be a member of the exclusive local clubs "to facilitate hospital interaction with the community" and because of the "potential for donors."
An article well worth your time.