Front page story “Healthy paychecks for LGH executives” leads with:
“The mammoth health care system would notch record revenues of nearly $1 billion that year. But its annual surplus fell for the fourth straight year. Though destitute by no means, galloping expenses and uncertainty in the marketplace were hammering LGH’s business model, prompting changes. Two units were closed, some positions were eliminated, and 170 employees were reassigned.
“Yet even as the bottom line eroded, there was little austerity in the executive suites. In 2010, each of 21 executives systemwide would earn total compensation — salary, bonuses and incentives, benefits and expenses — of at least $250,000, according to LGH’s Internal Revenue Service Form 990, the annual financial report that nonprofit health systems such as LGH must file with the federal government.”
WATCHDOG: Two wags of the tail for some gutsy reporting by the Sunday News. We hope this is but one of a series concerning how this Public Charity (which means it pays no federal incomes taxes) appears out of control with its quest for monopolistic influence over health care in the county, its lack of transparency concerning its activities and plans, and its control by a small group from the powerful White local establishment…who simply perpetuate their control with like appointments to its board.
However, it is somewhat ironic that a recent editorial “Ousted Spanier’s eye-popping pay” in the Lancaster New Era decried the $700,000 annual compensation of former Penn State president Graham Spanier while apparently seeing nothing wrong with Tom Beeman, LGH president, earning $1.35 million in 2010.
At least Beeman worked for LGH in 2010, in place of being paid $1,150,000 for taking an earlier year off to serve in the Navy.
Without meaning o detract from the importance of Beeman’s position, we think the presidency of Penn State is a far bigger job.
http://lancasteronline.com/article/local/788710_Ousted-Spanier-s-eye-popping-pay.html
If Gil Smart wants to really do some ‘gutsy’ investigating…he needs look no further than PSP. I wonder if the tax-paying public will EVER be given the whole truth behind the CC/Marriott finanical disaster????????? That investigation would be of real interest to everyone…after all, it affects all of us.
With LNP/PSP/High Assoc./LCCCA all hungrily eating at the public feed trough through the CC/Hotel project, perhaps it is warranted (and long overdue) for Gil to conduct an investigation as to the salaries of the principal players involved there. After all…it’s taxpayers money that is paying the freight!!!