Skip to content Skip to navigation

McKesson CEO has $159M Pension

June 26, 2013
by Gabriel Perna
| Reprints

John Hammergren, CEO of McKesson (San Francisco), the highest revenue-earning vendor in healthcare IT, would be owed the largest pension benefit ever recorded if he left office this year, according to a report in the Wall St. Journal. Hammergren’s pension of $159 million, revealed in an SEC filing, is the largest ever in corporate America, say consultants quoted in the WSJ piece.

According to information cited in an article written by The Associated Press, Hammergren’s pension is more than next largest deal in the country, which is $74 million for Rupert Murdoch, chairman and CEO of News Corp.

Hammergren’s pension is in addition to his total salary of approximately $51 million in 2013, up from approximately $39 million in 2012. He also earns extra for use of the company’s aircraft, a personal car and driver, and a home security system the SEC filing revealed.

As for why he earns so much, Hammergren had a deal in his contract that was put into place 14 years ago, a company spokesperson told the AP. The deal combines company performance, years of service, interest, and other factors into the amount.

McKesson was recently ranked by Healthcare Informatics as the highest revenue-earning vendor in Healthcare Informatics 100 list.



Mayo Clinic, ASU Partner for Medical Education, Healthcare Innovation

The Mayo Clinic and Arizona State University have announced a partnership centered on transforming medical education and healthcare in the U.S. through a variety of innovation efforts.

CMS Hospital Compare Website Updated with VA Data

The Centers for Medicare & Medicaid Services (CMS) has announced the inclusion of Veterans Administration (VA) hospital performance data as part of the federal agency’s Hospital Compare website.

CMS Awards Funding to Special Innovation Projects

The Centers for Medicare & Medicaid Services (CMS) has awarded 20, two-year Special Innovation Projects (SIPs) aimed at local efforts to deliver better care at lower cost.

Center of Excellence in Genomic Science to be Established in Chicago

The National Human Genome Research Institute has awarded $10.6 million over five years for the establishment of a new research center in Chicago to advance genomic science.

EHNAC and HITRUST Combine HIPAA Security Criteria, CSF Framework

The Electronic Healthcare Network Accreditation Commission (EHNAC) and the Health Information Trust Alliance (HITRUST) announced plans to streamline their accreditation and certification programs.

Halamka on MACRA Final Rule: “CMS is Listening and I Thank Them”

Health IT notable expert John Halamka, M.D., CIO of Beth Israel Deaconess Medical Center in Boston, recently weighed in on the Medicare Access and CHIP Reauthorization Act (MACRA) final rule.