Tenet Healthcare CEO Ron Rittenmeyer's 2018 pay jumps 310% to $15M
Tenet Healthcare reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Tenet Healthcare reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five executives at Tenet Healthcare received on average a compensation package of $7.4M, a 37% increase compared to previous year.
Average pay of disclosed executives at Tenet Healthcare
Ron A. Rittenmeyer, Chief Executive Officer, received $15M in total, which increased by 310% compared to 2017. 58% of Rittenmeyer's compensation, or $8.7M, was in stock awards. Rittenmeyer also received $2.6M in bonus, $1.8M in non-equity incentive plan, $1.5M in salary, as well as $329K in other compensation.
For fiscal year 2018, the median employee pay was $54,064 at Tenet Healthcare. Therefore, the ratio of Ron A. Rittenmeyer's pay to the median employee pay was 277 to one.
Keith Pitts, Chairman, received a compensation package of $14M, which increased by 196% compared to previous year. 69% of the compensation package, or $9.4M, was of change in pension value and nonqualified deferred compensation earnings.
Dan Cancelmi, Chief Financial Officer, earned $3M in 2018, a 11% decrease compared to previous year.
J. Eric Evans, Former President of Hospital Operations, received $2.9M in 2018, which decreases by 2% compared to 2017.
Audrey Andrews, General Counsel, earned $2.3M in 2018, a 14% decrease compared to previous year.
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Source: SEC filing on March 22, 2019.