Pay for Performance
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Please use the internet to research the term "Performance Based Pay". Then please help formulate several discussion points that focus on the following:
-The name of the company (I was thinking Kaiser Permanente because over the last couple of years, hospital executive were the five most highly paid CEOs).
-Do they appear to reward their CEO in an excessive manner for the performance based on last year's results?
-Do you feel that the majority of executives in the United States are over compensated and if so why do you feel this way?
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The pay for performance companies are examined.
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Pay for Performance
Pay for performance, also known as 4P or value-based purchasing is generally given for specific performance results rather than simply for time worked. It is an emerging movement and a payment model in health care (initially in Britain and United States) to reward their topnotch executives for meeting pre-established targets for delivery and meeting certain performance measures for quality and efficiency.
According to 2010 report of corporate governance firm GMI, The top-paid CEO among the largest public companies in the U.S. for 2010 is John Hammergren from McKesson Corporation. He made $145.3 million in 2010. Corporate chiefs (CEO's), especially from Healthcare saw a huge rise in their total compensation in 2010.
McKesson, a public traded pharmaceuticals company is s America's oldest (more than 175 years) and largest health care services company with sales of $112 billion in 2011. It is headquartered in San Francisco with more than 32,000 people across the nation and around the world. McKesson is into medicines, pharmaceutical supplies, information and care management products and services across the healthcare industry. It is a Fortune Global 500 company, and the ...
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