Hospital CEO pay to soar as boards use big banks to justify excess

The following is a media release from Service Employees International Union (SEIU). It’s a situation residents of St. Thomas/Elgin can relate to with the case of St. Thomas-Elgin General Hospital CEO Paul Collins’ retire/rehire in June 2010 in a classic example of double dipping. While his salary is stable this year, watch for the nature of salary increases over the remainder of his five-year contract.

TORONTO, Dec. 9, 2011 /CNW/ – Hospital CEO pay will only continue to soar in the wake of a report that uses the salaries of big-bank CEOs and millionaire insurance executives as a benchmark, according to a union representing more than 50,000 healthcare workers in Ontario.

“Hospital CEOs are out of touch and should be held accountable to the public, not to Bay Street,” said Sharleen Stewart, head of the Service Employees International Union (SEIU).

SEIU called on Ontario to follow the example of other provinces by stepping in to directly set compensation for executives at publicly-funded hospitals, starting with a salary cap. The union representing hospital workers urged the province to conduct a truly-independent review – with input from frontline staff – that looks at excessive layers of management in the health system.

“Public hospitals were built to provide people with necessary medical care, not for executives to use as personal piggy banks.”
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