1/ The country’s biggest and wealthiest hospitals are getting billions in bailout funds – while they furlough their employees and hand out multi-million-dollar pay packages to their executives. Latest by @jbsgreenberg @davidenrich and me: nytimes.com/2020/06/08/bus…
2/ Some of the CEO’s have announced they are donating their pay to help out the furloughed employees. So we examined that.
3/ Ron Rittenmeyer is CEO of for-profit hospital giant Tenet Healthcare, which has received $345 million in taxpayer assistance since April.
4/ Last month he told analysts he would donate half of his salary for six months.
5/ But Mr. Rittenmeyer’s salary is a tiny portion of his overall pay. Last year, for example, his salary was $1.2 million -- or 5 percent of his overall $24 million pay package, which consists largely of stock options and bonuses.
6/ So in total, Mr. Rittenmeyer will wind up donating roughly $375,000 to the fund — equivalent to about 1.5 percent of his total pay last year.
