It's a big club, and you ain't in it.
this post was submitted on 24 Dec 2024
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I posted in the other thread about how this is involving other for profit healthcare stocks, but I see a trend that we need to correct before the wrong people are hurt.
We are talking about for-profit healthcare executives and owners.
The CEO of HCA made $21m in total compensation. A physician makes on average $200k in the org.
Tenet Healthcare CEO made $18m. A physician makes on average $232k.
Vs Non-profits: Mayo Clinic CEO: $3.72m (notably also a Dr?) Physician: $273k
Cleveland Clinic CEO: $4m (this was tough to find) Physician: $235k
Now let's look at revenue and profit (well, the revenue for the non-profits). HCA pulls in $60b in revenue, $4b in profit. Tenet HC: $17b in revenue, $400m in profit. Mayo Clinic: $16.3b revenue, Cleveland Clinic: $8.4b revenue.
The contrast is a bit alarming isn't it? Physician salaries are fairly consistent across the board, but the executives of the for-profit entities make 4x-5x the compensation as the non-profits (not that the non-profit CEOs really need $4m/year in pay).
Tying healthcare to profits is the problem.
I could buy that maybe nonprofit CEOs might actually need a couple million a year - unfortunately, donations tend to come from the rich, and having the money to brush shoulders with them to schmooze might actually be important
Those numbers are pretty staggering though. And CEOs are usually well paid in order to funnel money upwards - I wonder how big those numbers are when you add in the board and the investors
I really thought this was posted to The Onion community when I read the headline. What's the opposite of eating the onion?
EDIT: I love all the responses! 😂
Eating a succulent Chinese meal
Boofing the onion I reckon.
You'd think, but it's actually boofing the jalapeno.
A common misconception, boofing the jalapeño is actually the mirrored inversion. Spicy none the less.
You shat a potato?
Aye laddie.
Conflict of interest? Never heard of her.
kenklippenstein kicking the big boys in the nuts again. Face it corporate news sewers, your souls are being eaten by the republiQans who own you. Your "journalism" is really weak - it's more like public relations isn't it.
Magistrate Judge Katharine H. Parker, who is overseeing pre-trial hearings for Luigi Mangione, is married to a former Pfizer executive and holds hundreds of thousands of dollars in stock, including in healthcare companies and pharmaceutical companies, according to her 2023 financial disclosures.
This . . . upsetting Italian man just cost her that luxury around-the-world cruise she was planning on, and she's been wanting to go on that for a long time you guys!! If I were her I wouldn't recuse myself either, I'd be all like "the actions of this vicious man are a stain upon the shared social fabric of this country" and then I'd tut-tut and shake my head real quickly and that'd show him! Then afterwards at my mansion I'd tell the cleaning staff to take the rest of the night off and I'd put on my favorite movie, "Flashdance" and probably have too much vino! Ha ha!
fairest trial ever
