Is this suprising? No, it’s typical in this county and state. These people knew the salary going in to the job so the excuses that they are still underpaid is getting really old especially when their salaries are….
Young’s salary is $410,970
McCarthy’s is $265,000.
The county taxpayers send millions of dollars to ECMC every year, it would be a different story if they were a profitable hospital, they aren’t but we continue to pay outrageous salaries and bonuses. If this was a privately run business it would never happen.
wbfo NewsRoom
County Comptroller Questions ECMC Bonuses
Mark Wozniak
BUFFALO, NY (2006-09-21) Erie County Comptroller Mark Polencarz Wednesday revealed that two executives at the Erie County Medical Center were awarded almost $128,000 in bonuses over the summer.
In a letter to the County Legislature, Polencarz expressed his concerns about the bonuses in light of the ongoing county financial crisis. But county officials may be powerless to do anything about it. Even though the county provides tax subsidies to the hospital, ECMC is run by a separate public benefit corporation.
Hospital board members say that president Michael Young and chief financial officer Sue McCarthy earned the bonuses, and that they are still being paid below the national average salaries for their jobs.
2 users commented in " County Comptroller Questions ECMC Bonuses "
Follow-up comment rss or Leave a TrackbackHow many privately run hospitals are you aware of?
Let’s start researching this together if you have an interest Adam.
Start here
Do for-profit establishments pay higher wages than nonprofit establishments? A new research project finds few significant differences in hourly pay.
The term “nonprofit organizations” may bring to mind small social services agencies, museums, or membership organizations. But the majority of workers in nonprofit organizations are employed by large health services or educational services establishments. These two industries have a high number of both for-profit and not-for-profit establishments, making it possible to compare wages in similar occupations. A research project based on the National Compensation Survey has provided some interesting wage comparisons.
This article compares average hourly earnings in private for-profit hospitals to those in private nonprofit hospitals. It then compares those rates to the rates in State and local government hospitals, which by definition are nonprofit. The comparisons include average hourly rates for all workers, full-time workers, part-time workers, registered nurses, and licensed practical nurses. Next, the article compares average hourly rates in State and local government colleges and universities to those in private nonprofit colleges and universities. In addition to comparing the rates for all workers, full-time workers, and part-time workers, the study compares the average hourly rates for all teachers.
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