Medical Center CEO Clarifies Points Regarding Executive Compensation
Mark Laret, chief executive officer of UCSF Medical Center, responded today to a story in the San Francisco Chronicle regarding executive compensation.
“Back in January, I informed you that I was putting into place an interim executive organizational structure after Chief Operating Officer Tomi Ryba announced her departure. Several individuals took on additional responsibilities in their interim roles and received stipends. We provided these stipends based on the market, consistent with our compensation philosophy across the organization.
“As a result of these organizational changes, the medical center was able to achieve a savings of just under $500,000. These individuals, along with the entire senior management group, will be subject to a 10 percent pay cut, based on the alternate savings plan approved by UC President Mark Yudof.,” Laret said.
“In addition, the article in this morning’s Chronicle referred to the creation of a Chief Quality Officer position. Indeed this position was created but I chose not to fill it and have no plans to do so in the near future. I want to assure all of you that we remain committed to providing the highest quality of care at UCSF Medical Center and I thank you for all you are doing for our patients,” Laret said.
Related Links:
UCSF Medical Center Cuts Costs by $45 Million to Avoid Furloughs, Maintain Care
UCSF Budget website, July 28, 2009-08-07