Boards must hold line, senator says
By Lisa Wangsness, Boston Globe Staff |
March 4, 2009
WASHINGTON - A leading Republican senator is scrutinizing another group of highly paid executives: leaders of nonprofit hospitals.
Nonprofit hospital presidents earned nearly $500,000 a year on average in salary and other benefits, according to a recent IRS survey of 485 hospitals, and a smaller group more closely reviewed by the IRS had an average salary of $1.4 million. In Boston, home to some of the country's most prominent nonprofit teaching hospitals, executive pay at brand-name institutions typically tops $1 million.