Tuesday, March 27, 2012

Leigh gripes again about Memorial

Posted By on Tue, Mar 27, 2012 at 1:13 PM

Councilor Tim Leigh is once again complaining about Memorial Health System's executive pay. After opposing the idea of retention pay, which Memorial trustees rejected last week, Leigh now is bothered that Memorial CEO Larry McEvoy has scored a raise.

McEvoy ... No raise for four years.
  • McEvoy ... No raise for four years.

Without offering any data of his own, Leigh writes in his so-called "Weekend Market Report" that "MHS did a wage and salary study and determined Dr. McEvoy was underpaid. Underpaid? ... Are you kidding me? What were the significant accomplishments achieved by the CEO in the past year to justify this raise?"

Then he cited a figure that was wrong. He later sent out a correction that also was wrong.

Maybe Leigh has salary envy, considering he told the Indy recently that being on City Council has stifled his commercial real-estate business.

Memorial says McEvoy's pay was bumped from $550,000 a year to $670,000 after a study showed the market median for a health system CEO to be $871,000.

Here's a statement issued today by Trustee Chair James Moore:

The Board of Trustees increased the CEO’s salary from $550,000 to $670,000 earlier this year. The CEO had not received any pay increase since he was hired four years ago. Even after this increase, his pay remains considerably below the market median (50th percentile) for the role, which is
$871,000.

The board’s compensation philosophy aims for all employees to be paid at the market median, and
we have made significant strides over the last year in order to achieve this goal. During 2011,
Memorial invested more than $10 million in staff pay increases, which included more than 1,000
staff receiving a market adjustment.

We recognize that the CEO is paid a lot of money by anyone’s standards. Still, we are committed to
paying him—along with all staff—at a market-competitive level.

Leigh also urges residents to vote in favor of the lease of Memorial to University of Colorado Health System, which is currently in negotiations and is expected to be presented to voters in August.

"When the time comes to vote for a change at MHS, make sure you vote in the affirmative," Leigh said in his market report. "This is a good example of why we need change."

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