UPMC CEO paid $6 million in fiscal year
By admin on May 20, 2013
UPMC President and CEO Jeffrey Romoff was paid $6.06 million for the year ending June 30, 2012, reflecting a $90,000 raise from the previous fiscal year and leading 26 health system executives in earning more than $1 million, according to new Internal Revenue Service filings.
Of the 26 employees who received more than $1 million, 13 were doctors. Seven employees received in excess of $2 million. Medical oncologist Stanley Marks was UPMC’s highest-paid doctor at $2.05 million.
Other doctors earning more than $1 million for the 12 months included neurosurgeons Ghassan Bejjani, $2.48 million; Richard Spiro, $1.85 million; and Adnan Abla, $1.35 million. Orthopedic surgeon Mark Rodosky was paid $1.8 million.
Among the administrators earning more than $1 million were Executive Vice President Elizabeth Concordia, $2.51 million; CIO Daniel Drawbaugh, $2.23 million; Senior Vice President of Human Resources Gregory Peaslee, $2.12 million; Charles Bogosta, president of the International and Commercial Services Division, $1.64 million; andSandra Danoff, senior vice president of strategic planning, $1.31 million.
The number of UPMC employees earning in excess of $1 million increased by four since the previous year.
As required by the IRS, UPMC also disclosed several transactions between employees and relatives, including Romoff’s daughter, Rebecca Kaul. Kaul received $431,594 in compensation for the 12-month period ending June 30 2012, according to the IRS filing.
In a prepared statement, UPMC said Kaul “previously led the creation of a successful joint venture, which created a computer-assisted coding product that is unique in the marketplace and deployed at UPMC.”
Kaul now heads UPMC’s Technology Development Center, which is helping develop the next generation of information technology at UPMC.
“We seek to hire the best and brightest in every position, regardless of family relationships and we have stringent policies, procedures and oversight in place to manage any potential conflicts of interest that might appear to be created,” according to the prepared statement.
Source: Pittsburgh Business Times
Posted in Pittsburgh Business Times   Tags: Fair Share, FairShare, local economy, millions, Pittsburgh, politics, Politics. FairShare, taxes, UPMC
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