Baptist CEO receives nearly $2.5M in compensation
WINSTON-SALEM, N.C. — A commitment Wake Forest Baptist Medical Center made to Dr. John McConnell, its chief executive, when he was recruited led to a nearly 50 percent increase in his total compensation for fiscal year 2010-11, the center reported Tuesday.
McConnell was paid almost $2.5 million in total compensation, compared with $1.68 million for fiscal 2009-10.
Because Wake Forest Baptist’s fiscal year ended June 30, 2011, the latest compensation figures are 10½ months old.
The executive compensation numbers are becoming public six weeks after McConnell told employees the center is considering reducing its workforce as part of a major initiative aimed at improving patient outcomes at a lower cost.
With 13,588 full- and part-time employees, the center has the county’s largest workforce.
Novant Health Inc., which operates Forsyth Medical Center, will release its executive compensation totals in November. Novant uses the calendar year for its fiscal year.
This article was written by Richard Craver and originally published by The Winston-Salem Journal. Click here to read the full story.