Pay for chief executives at few of the largest corporations in the U.S. dipped 3.8% last year, but healthcare executives emerged from that slowdown relatively unscathed. For various highest-paid executives in the industry, the tens of millions of dollars — or more — they got in compensation followed special deals or were tied to strange circumstances, in accordance to a new analysis by Modern Healthcare.
Some of those greatest-paid healthcare executives oversaw mergers and acquisitions of the variety that have generated primary controversy in recent months, for their roles in permitting companies to ignore U.S. taxes or to possibly increase drug prices.
Joe Kiani, the founder and CEO of medical technological company Masimo, raked in $119.2 million in the year 2015 — the largest amount for any executive at an investor-owned healthcare company, in accordance to Modern Healthcare's analysis. Of that, $111.9 million came from shares of limited stock in the company that Kiani would get under certain circumstances; one reason would be if Kiana were fired, and others involved his relocating from Southern California for the company's sake or control of the company changing hands. In the year 2014, Kiani earned $4.5 million.
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