Quoted Text

CAPITAL REGION
Bill would limit salaries of hospital executives
BY SARA FOSS Gazette Reporter

    At hospitals throughout New York, CEOs and other high-ranking executives routinely earn six-fi gure salaries, sometimes even seven.
    Recently proposed legislation would limit compensation of New York hospital executives to $250,000 a year.
    In her proposal, Assemblywoman Deborah Glick, D-Manhattan, notes that many health care programs have seen funding reduced or eliminated during the economic downturn but hospital executive salaries have gone virtually untouched.
    “There’s been no discussion of executive compensation, which has grown dramatically,” Glick said. “I’m a big believer in looking at both sides of the balance sheet. Too often in these discussions, we do not look at both sides of the balance sheet. This proposal raises the questions of how much money should executives be making.”
    William Van Slyke, a spokesman for the Healthcare Association of New York State, a nonprofi t organization that represents health care networks and hospitals throughout New York, said capping hospital executive salaries would drive talented leaders and managers out of New York.
    “We’re competing in a national marketplace,” Van Slyke said. “If the goal is to ensure the very worst hospital leadership in the nation, then this proposal would work. This cap would virtually ensure that any and all talent would fl ee the state and never come back.” Hospital compensation, he said, is determined by the marketplace.
    Inspired by Glick’s proposal, the New York City-based Center for Justice & Democracy put together a report looking at how much money could be saved by capping executive salaries at nonprofi t hospitals throughout the state. The Center for Justice & Democracy lists the compensation hospital executives throughout New York receive and how much could be saved by capping their compensation at $250,000.
    According to the report, the highest earner in the state is Linda Brady, the president and CEO of Kingsbrook Jewish Medical Center in Brooklyn, who takes home more than $4 million.
    Local hospitals with salaries that exceed $250,000 include:
    Albany Medical Center Hospital, where President and CEO James Barba earned $1.2 million, Executive Vice President Steven Frisch earned $671,529, Chief Financial Offi cer William Hasselbarth earned $543,862 and Executive Vice President and Chief Operating Offi cer Gary Kochem earned $536,065.
    St. Peter’s Hospital in Albany, where President and CEO Steven Boyle earned $897,905, Chief Marketing Officer Robert Cella earned $507,033, CFO James Gavin earned $448,522 and Vice President of Clinical and Corporate Development Virginia Golden earned $439,294.
Sunnyview Rehabilitation Hospital, where President and CEO James Reed earned $595,901.
Ellis Hospital, where President and CEO James Connolly earned $528,714 and Vice President of Medical Affairs David Liebers earned $394,332.
Saratoga Hospital, where President and CEO Angelo Calbone earned $524,632.
    Nathan Littauer Hospital, where President and CEO Laurence Kelly earned $391,732.
    The Center for Justice & Democracy report pulled the compensation data from the nonprofit tax form filed by charities, which is known as Form 990. .....................>>>>.................>>>>.................http://www.dailygazette.net/De.....r01400&AppName=1

............and this is what happens folks when you go begging to the government for $$$$$!!!

They then have the power to dictate!!!

'Government is like a baby: An alimentary canal with a big appetite at one end and no sense of responsibility at the other'- Ronald Reagan

Atlas Shrugged.....even if they 'cut' their salaries they will be in positions of 'government gratuities'......pay attention to the red herring.....it's just
a 'look at us work' podium puck......

we think it makes us feel better.....a spoonful of sugar? nah,,,,tastes like vinegar to me........are we that stupid?????

Wait, I thought the public sector was getting the high pay?

I'm sure that Assemblywoman Glick, who is from New York City, would be more than willing to go to a vote on something that would limit the amount of money she was able to take in as an assemblyperson.  Maybe she's the only one at the state level that doesn't get a leadership stipend of some sort?  

Also, does she really think that the hospital CEO's that work at places such as Sloan Kettering down in New York City should be making the same maximum amount as the CEO of a hospital like Bassett in Cobleskill or A.O. Fox Memorial in Oneonta, or for that matter the "big city hospital" of Ellis?

Quoted from mikechristine1

Wait, I thought the public sector was getting the high pay?

it's a 'set up' before national healthcare takes hold......you see they will start them off with the 'public view' of their salary....yet
the state budgets will show some obscure payment/grant etc.....it will become who will accept what $$ to take the fall for the poorly
managed government program.....they will try a union but, no it must look 'free'......Atlas Shrugged