The big pay (scale) back. In the midst of a recession, healthcare execs see their compensation make a marked decline.
Partly thanks to the stock market downturn, fiscal 2008 was the first time in its seven-year history that our annual survey of CEO compensation saw no one raking in more than $15 million. Overall, 2008 shows "a slight decline in executive comp from 2007, but they don't show a sharp downturn, given the drop in company earnings and stock market performance. That's the thing that I'm looking for next," says business professor Ed Lawler, left.
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D057172:Economic Recession; D006270:Health Facility Administrators / Q000191:economics*; D007182:Income / Q000706:statistics & numerical data* / Q000639:trends; D014481:United States