pittbiomed t1_iwl1bgo wrote on November 16, 2022 at 12:46 PM

I mean highmark ahn ceo made 8.64 million according to the tribune review so maybe AHN has more $ to pay employees now? Kinda interesting no one is screaming about that pay rate .

Yelloeisok t1_iwlbns8 wrote on November 16, 2022 at 2:16 PM

I am afraid we have all become immune to obscene CEO pay since it touches every industry, and because we think it has always been that way - and it hasn’t. CEO pay has exploded 1322% from 1978 to 2020 according to epi.org.

Generic_Username28 t1_iwljh4c wrote on November 16, 2022 at 3:14 PM

I assume you mean the Highmark CEO. There is no way any executive at AHN makes that much.

Regarding CEO pay at non profits like UPMC and Highmark, I'm conflicted. Each of these companies generate ~$25 billion in revenue per year. This is more than McDonald's ($23.2B). The CEO of McDonalds makes $20m per year. The UPMC ($10.4m) and Highmark ($8.6m) CEOs make significantly less (plus no stock options). If we want the best talent at these companies, shouldn't their wages be comparable to other industries?

The other question is whether $8.6m is a reasonable amount for any CEO to make let alone $20m. Rising executive pay is concerning to say the least, but it helps to have some context within the world of executive pay.

pittbiomed t1_iwln323 wrote on November 16, 2022 at 3:39 PM

I totally agree and yes it was Highmark , my bad . It’s nuts

Generic_Username28 t1_iwlqjoc wrote on November 16, 2022 at 4:03 PM

All good. I've always wondered why UPMC faces the brunt of the internet hate. Beyond a few differences (upmc is mostly provider with a small piece in insurance and Highmark is opposite) there isn't a big difference between the two. Only major issue I have with UPMC is how they played chicken with Highmark insurance and the Children's hospital.