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01-14-2009, 06:02 PM
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Life is a Journey
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Join Date: Jan 2007
Location: Yellow Brick Road
20,838 posts, read 11,802,354 times
Reputation: 4205
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Amazing, isn't it? There is a whole lot I could say on this subject, St M, since DH and I have had careers in hospital administration (his at CEO and Corporate level) . . . but I am gonna sit this one out . . . except to say that executive compensation has to be approved. So the question to ask is - why were these salaries approved?
And for the record: I could pull up as many stats showing these are NOT typical salaries based on size of hospital, assets, community size, etc. as CHS can pull up to justify those salaries . . .
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01-14-2009, 06:20 PM
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Save the Republic
Status:
"Merry Christmas!"
(set 6 days ago)
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Join Date: Aug 2007
Location: CLT native
3,428 posts, read 1,995,763 times
Reputation: 1214
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The fact is that if the economy was status quo, this would be a non-story.
For better or worse (I personally think 'worse'), healthcare is a for profit industry.
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01-14-2009, 06:43 PM
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Life is a Journey
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Join Date: Jan 2007
Location: Yellow Brick Road
20,838 posts, read 11,802,354 times
Reputation: 4205
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Quote:
Originally Posted by mullman
The fact is that if the economy was status quo, this would be a non-story.
For better or worse (I personally think 'worse'), healthcare is a for profit industry.
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I know what you mean, Mullman, but CHS is chartered as a not-for-profit, wh/ makes the issue of salaries a grassroots issue. Or should. |
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01-14-2009, 06:57 PM
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Save the Republic
Status:
"Merry Christmas!"
(set 6 days ago)
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Join Date: Aug 2007
Location: CLT native
3,428 posts, read 1,995,763 times
Reputation: 1214
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Quote:
Originally Posted by anifani821
I know what you mean, Mullman, but CHS is chartered as a not-for-profit, wh/ makes the issue of salaries a grassroots issue. Or should.
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Ani, I stand corrected! 
I was speaking more of healthcare in general.
Certainly drugs and medical devices are not manufactured as a non-profit for the common good, at least 99% of them.
Regardless, it is quite a paycheck, but I am not going to knock it.
Everyone of us tries to maximize what our time is worth, some are much more successful at the game of life than others. 
Having had two children at CMC, I chuckle looking at the bill at the $5 Cokes and $4 Jellos and do not really have an answer. Why does having a baby cost $xx,xxx? My great-great grandmother had each of 13 children in a 3 room farmhouse (that my family still owns) for very meager pay to the doctor (at least in modern terms). All lived to a ripe old age. Just a data point and food for thought... |
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01-14-2009, 07:01 PM
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Senior Member
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Join Date: Sep 2006
1,781 posts, read 1,613,944 times
Reputation: 616
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I just thought that the statement given by one of the spokespersons for CHS was a little much. His claim was that, if the people in power aren't paid these higher level salaries, it would make CHS "less competitive in the marketplace"...what the?
Maybe I'm not versed in health-care-speak, enough to know what someone in that position should be paid, but I do recognize excess!
I say bring on your hubby, Ani! He'll do a better job and he'd be more popular!
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01-14-2009, 07:04 PM
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Senior Member
Status:
"Merry Christmas ya'll!"
(set 9 days ago)
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Join Date: Mar 2008
Location: Charlotte, NC
276 posts, read 156,103 times
Reputation: 184
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These salaries are absolutely crazy. As you said Ani - Who approved these salaries? I am sure there are a number of highly qualified people who could do the job for a fraction of this. I don't blame the CEO's - heck I would take the $$$ too if it was offered - but salaries for non-profit organizations need to be realistic.
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01-14-2009, 07:07 PM
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Save the Republic
Status:
"Merry Christmas!"
(set 6 days ago)
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Join Date: Aug 2007
Location: CLT native
3,428 posts, read 1,995,763 times
Reputation: 1214
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Quote:
Originally Posted by Charlotteborn
These salaries are absolutely crazy. As you said Ani - Who approved these salaries? I am sure there are a number of highly qualified people who could do the job for a fraction of this. I don't blame the CEO's - heck I would take the $$$ too if it was offered - but salaries for non-profit organizations need to be realistic.
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I agree, and that is my point.
We all want to balk at this, but each of us, at each job we've worked, try to maximize what we are paid for our time.
Yes, it is mucho dinero, but someone (multiple people) approved this salary - it is not a surprise and only newsworthy in our down economy. |
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01-14-2009, 08:41 PM
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Senior Member
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Join Date: Mar 2008
Location: Union County
466 posts, read 400,394 times
Reputation: 88
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As I visited Presby Matthews this past week for a little procedure, I thought about the amount of money I was spending to be there. While they did a good job and were very nice, I can't help but feel like I just paid 20 times what I should be paying. I guess those salaries are part of that reason.
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01-14-2009, 10:47 PM
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Senior Member
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Join Date: Oct 2006
Location: in a house
2,537 posts, read 2,787,283 times
Reputation: 918
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Anyone notice the absence of nursing in those positions? I wonder what the VP for Nursing (or whatever they're called nowadays) makes? I'll guarantee it is no where near $1million
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CHS Salaries
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