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<blockquote data-quote="sparetire" data-source="post: 52480" data-attributes="member: 1356"><p>Nobody bit on my request for thoughts on what is reasonable compensation for executives at Sanford, but your post hints at it. Tax returns for non-profits are public information and are available at guidestar.org.</p><p></p><p>In 2012 the President and CEO of Sanford was compensated $1,500,000. He also received another $500,000 in deferred compensation. I'm not savvy enough in reading the reports to tell if that was previously deferred and then paid out in 2012, or deferred in 2012 to be paid out later. Nevertheless, that's massive income.</p><p></p><p>Of course each little subdivision of Sanford must also have its executives, so the Chief Operating Officer for Bemidji was compensated about $280,000, and the COO for "Bemidji Clinic" got about $200,000. Oh, let's not forget the person with the title of "President- Bemidji" who got about $550,000. It goes on and on.</p><p></p><p>I am employed in healthcare and I make a good living. Having said that, healthcare as a business which makes people ridiculously wealthy sickens me. In my place of employment, there has been an explosion in the number of executives over the last ten years, and their exorbitant salaries have to be funded somehow. Medicine is the only field I am aware of where a person can get a doctoral degree, have minimum 3 years post-doctoral training, enhance their skills through years of experience and education, then flip to an "executive" position using none of those hard-fought skills and triple their salary.</p><p></p><p>I think BCBSND has gone for-profit, so I can't find their numbers, but rest assured there are some obscene salaries being "earned" at that place.</p></blockquote><p></p>
[QUOTE="sparetire, post: 52480, member: 1356"] Nobody bit on my request for thoughts on what is reasonable compensation for executives at Sanford, but your post hints at it. Tax returns for non-profits are public information and are available at guidestar.org. In 2012 the President and CEO of Sanford was compensated $1,500,000. He also received another $500,000 in deferred compensation. I'm not savvy enough in reading the reports to tell if that was previously deferred and then paid out in 2012, or deferred in 2012 to be paid out later. Nevertheless, that's massive income. Of course each little subdivision of Sanford must also have its executives, so the Chief Operating Officer for Bemidji was compensated about $280,000, and the COO for "Bemidji Clinic" got about $200,000. Oh, let's not forget the person with the title of "President- Bemidji" who got about $550,000. It goes on and on. I am employed in healthcare and I make a good living. Having said that, healthcare as a business which makes people ridiculously wealthy sickens me. In my place of employment, there has been an explosion in the number of executives over the last ten years, and their exorbitant salaries have to be funded somehow. Medicine is the only field I am aware of where a person can get a doctoral degree, have minimum 3 years post-doctoral training, enhance their skills through years of experience and education, then flip to an "executive" position using none of those hard-fought skills and triple their salary. I think BCBSND has gone for-profit, so I can't find their numbers, but rest assured there are some obscene salaries being "earned" at that place. [/QUOTE]
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