This entry is from Dr. McCanne's Quote of the Day, a daily health policy update on the single-payer health care reform movement. The QotD is archived on PNHP's website.
Health care tops other industries for highest median CEO pay
The Washington Post, May 23, 2013
Here’s a look at median CEO pay by industry last year, as calculated by executive pay research firm Equilar. For the fourth time in five years, health care CEOs got the most pay and utilities CEOs got the least.
—Health care: $11.1 million
—Industrial goods: $11 million
—Services: $10.9 million
—Financial: $9.8 million
—All companies: $9.7 million
—Consumer goods: $9.5 million
—Basic materials: $9.3 million
—Technology: $9.2 million
—Utilities: $7.5 million
So health care CEOs have the highest median pay of all industries in the United States. But notice that their pay is not much higher than the median CEO pay in all industries. That brings up a couple of questions.
What do CEOs do?
Does their “contribution” to society warrant that level of pay?
Considering what CEOs do, do we really even want them in our health care system since it is an “industry” apart from all the rest?
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