According to him, stepping into the position during a generational pandemic and staffing crisis for Texas hospitals creates a unique challenge of supporting his staff while expanding hospital capacity because of COVID On HoustonChronicle.
The hospital also has 25 construction projects planned within the next year-and-a-half that will help the hospital match the aesthetics of the museum district. As CEO, Osentowski will be responsible for overseeing the capital improvement projects for the , square-foot hospital. Prior to that, Osentowski served in various roles at HCA-affiliated hospitals in Plano and Frisco, Texas, first as director of business development, followed by vice president of business development and lastly chief development officer.
Osentowski joined HCA Healthcare in HCA Houston Healthcare also sees opportunity to expand its footprint and services to meet high demand from patients in the Houston metro region, Troy Villarreal recently told the Houston Business Journal. Through the HCA spokesman, all three declined interview requests. The spokesman also declined to answer questions about why HCA moved the pay goalposts. The company's proxy says it also reduced executives' payout opportunities for the months most severely affected by the Covid pandemic.
Moving goalposts is a big concern in executive pay, said Nell Minow, a corporate governance expert at ValueEdge Advisors, which helps institutional investors engage with the companies whose shares they own. HCA purchased the nonprofit facility in , and since then, she said, staffing levels have fallen at the hospital while cleanliness and other conditions have deteriorated.
Last year, nurses at the hospital won union representation, a blow to HCA. Now we feel like we're disposable and we're not. A condition of the interview was that the HCA spokesman had to be present. Garrett, who said she isn't involved in direct patient care, is director of quality and regulatory at the hospital and said she is proud to work for HCA.
The HCA spokesman also said in a statement that the company didn't lay off any workers because of the pandemic and that it introduced "a pay program that continued paying colleagues 70 percent of their salary, even when there was no work for them due to government mandates that halted many elective procedures. In , this program helped more than , members of our HCA Healthcare family support themselves and their families. HCA isn't alone in paying its chief executive vastly more than what rank-and-file workers earn.
An Acuity spokeswoman said the company's pay program "is very well aligned with our shareholders' interests. The value of the package put Culp at 1, times the median GE worker. A spokeswoman for the GE board said in a statement that the stock award won't pay out until at the earliest and that it "is tied to producing results and only can be attained if the company delivers substantial value for shareholders and employees. That was 1, times the pay of its median employee, the company's filings noted.
A Walgreens representative said the company's pay resulted from "a thoughtful and thorough process to balance the impacts of Covid on our business with the extraordinary efforts of our team members who embraced our collective critical role in the response to the pandemic.
Kelman, who has been CEO since , owns 1. Kelman says excessive CEO pay essentially extracts money from workers. If you believe that it takes a company to make a company, that should also be reflected in your pay philosophy. Each year, when public companies host their annual meetings, stockholders are asked to vote on their pay practices. Many get resounding support. Last year, for example, 91 percent of HCA's shareholder votes on executive pay were cast in favor, its filings show.
The results of this year's vote on HCA's pay will be disclosed after its shareholder meeting, scheduled for April Last year, for example, the data analytics firm Insightia said BlackRock voted yes on BlackRock said it is increasing its engagement with companies about pay and that it voted against the re-election of over compensation committee directors responsible for setting executive pay at companies in 29 global markets last year.
Fidelity said it "acts in the best interest of its shareholders and remains focused on maximizing long-term shareholder value.
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