Recently, I wrote about bow Beaumont Health CEO John Fox’s compensation increased 82%, to more than $5.6 million, in 2017. Workers there are going crazy and starting to protest. Well, now there is more news. Two execs have just left and:
Crain’s reported at least 175 employees have been given pink slips over the past several months. But Beaumont officials said the system also is hiring more people this year than in 2018. Hirings are up by 3 percent, or 126 workers, this year compared with hirings during the same six-month period last year.
Over the past 18 months, Ascension Health and Detroit Medical Center have also seen large-scale layoffs, with Ascension cutting more than 500 workers from its eight hospitals in Michigan and DMC reducing staff by more than 450 in at least two rounds of layoffs.
Over the last 18 months? And this CEO got an 82% raise?
What am I missing here?