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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUnion launches effort to cap pay of El Camino Hospital executives
http://www.contracostatimes.com/california/ci_19925315
By Jason Green
Daily News Staff Writer
Posted: 02/09/2012 06:02:37 AM PST
Updated: 02/09/2012 06:02:43 AM PST
The union that represents 1,200 El Camino Hospital workers formally kicked off an effort Wednesday to qualify a measure for the November ballot that would slash the pay of the health care provider's top brass.
The proposed measure stands to affect as many as nine executives who each make more than $200,000 a year, not counting bonuses. One of the top earners is recently appointed CEO Tomi Ryba, who is to be paid at least $695,000. The Service Employees International Union-United Healthcare Workers West-backed initiative says paychecks should be limited to twice the salary of the governor.
Last year, Gov. Jerry Brown drew a paycheck of nearly $174,000, according to published reports.
Members of the union claim the effort is intended to ensure money collected from local taxpayers isn't funneled into exorbitant salaries. The private, nonprofit corporation receives between $5 million and $9 million annually from a 1 percent property tax, according to hospital officials, though the union contends the figure is closer to $16 million.
FULL story at link.
alittlelark
(18,890 posts)It is a great hospital. It has fought off attempts by mega chains to buy it out. I hope it can remain 'free standing'.
It is in a neighborhood w/$150K +++ salaries.
In all honesty they would have a hard time keeping upper management w/ less than $200K.
That is a mid to low salary for most of Los Altos and Los Altos Hills.
KWL
(1 post)Yes it is a great hospital and I hope it can remain one now that it has positioned itself as a low cost provider by imposing pay and benefit cuts to nurses and other employees while making more than $40 million profits; this while upper management gets bonuses. The CEO of Valley Medical Center with more than 700 beds and a billion dollar budget makes $284,867. I expect the initiative will qualify for the ballot and hope that you vote for it. I dont think that we will have difficulty attracting a quality executive for compensation of $348,000 (twice the salary of the governor).
Omaha Steve
(99,780 posts)And thank you for the great first post!