Tuesday, February 5, 2008

Top hospital execs’ pay in WNY exceeds $1 million

http://www.buffalonews.com/businesstoday/localbusiness/story/250408.html

Kaleida Health paid its new chief executive officer, James Kaskie, $1.2 million last year, up from $844,333, after Kaskie was promoted to succeed Dr. William D. McGuire as CEO, according to federal tax filings provided by the hospital. That includes $852,731 in compensation, $331,085 in benefits and a $20,720 expense account.
At Catholic Health System, the No. 2 hospital network in Western New York, CEO Joseph D. McDonald received $1.03 million, a 26 percent raise from 2005. His pay includes $682,981 in compensation and $347,951 in other payments.

But even with Kaskie’s and McDonald’s salaries considered, total 2006 compensation for 16 top hospital executives in Western New York fell 7 percent to $5.9 million from $6.2 million, largely because of the departure of McGuire, who in 2005 earned $1.74 million — more than double that of any other local hospital CEO.

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