Proposed Limits on CEO Compensation in North Carolina State Hospitals
1 report, 1 independent
Updated Sep 1
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What happened
Senator Jim Burgin introduced Senate Bill 978, which proposes limits on executive compensation at state-funded nonprofit hospitals in North Carolina. The bill would cap CEO pay at 400 times the salary of the lowest-paid full-time employee. Additionally, these hospitals would be required to annually report both figures to the North Carolina Medical Care Commission.
From sanfordherald.com
Why it matters
The proposal directly impacts the executive compensation structure of state-funded nonprofit hospitals in North Carolina. For example, under the bill, a CEO earning $25.8 million in 2024 could still earn approximately $15.7 million.
From sanfordherald.com
Who's involved
- North CarolinaState of North Carolina where the proposed limits apply to state-funded hospitals.
- Jim BurginProponent of Senate Bill 978, introducing the compensation limits.