Those of us old enough to remember the late '70s will remember the phenomenal success of prime time soap operas like Dallas. I always figured that one reason Dallas did so well is that the economy truly sucked at the time and watching the over the top narcissism of the Ewing brood allowed most of us to escape our own miserable lives. That era was followed by the real-life over the top narcissism of the 80s and exemplified by Lifestyles of the Rich and Famous, which was further proof that as a nation we just love to see how the other half, er 1/100th lives. Thus I figured it would be interesting to look at our local big-wigs to see what they make, if not how they live.
Today I'm looking at the folks at one of our biggest local employers: Novant.
My source for the these numbers was Guidestar and the numbers listed come from the most recent 990 they have listed for each organization on their site. So if the most recent is 2006 then I've listed the 2005 pay. Here we go:
For Novant I looked at the executive team listed on the last page of their 2007 annual report. FYI, there are other high paying execs that aren't included but you can find them if you sign up for a free Guidestar account and look at the 990s.
I would also like to note that I might have missed some compensation. There are several related organizations bundled under the Novant umbrella and executives are compensated by different organizations. As you'll see I found that one executive was compensated by two different organizations. Anyway, here's what I found:
Paul Miles, President/CEO of Novant – In 2005 he was paid $1,486,990, had $331,163 in benefits and deferred compensation and $15,344 in expenses. In addition Forsyth Medical Center Foundation also reports three years of unvested deferred awards of $99,960 in 2004, $104,550 in 2005 and $94,606 in 2006. Total without the deferred awards: $1,833,497.
Greg Beier, President/CEO of Triad Region (Novant) Forsyth Medical Center – Was paid $825,767, had $382,251 in benefits and deferred compensation and $16,644 in expenses. In addition Forsyth Medical Center Foundation also reports three years of
unvested deferred awards of $58,800 in 2004, $63,150 in 2005 and
$58,365 in 2006. Total without the deferred awards: $1,224,662.
Jacqueline Gattis, Chief Administrative Officer of Novant – In 2005 she was paid $303,125, had $96,229 in benefits and deferred compensation and $17,000 in expenses. Total: $416,354.
Dean Swindle, CFO of Novant – In 2005 he was paid $682,255, had $114,031 in benefits and deferred compensation, and $13,909 in expenses. Total: $810,195.
Carl Armato, President/CEO of Presbyterian Healthcare – In 2005 he was paid $683,022, had $81,190 in benefits and deferred compensation and $73 in expenses. In addition Presbyterian Medical Care Corporation also reports three years of
unvested deferred awards of $17,581 in 2004, $26,910 in 2005 and
$35,995 in 2006. Total without the deferred awards: $764,285
Stephen Wallenhaupt MD, Chief Medical Officer of Novant – In 2005 he was paid $395,522, had $26,727 in benefits and deferred compensation and $3,692 in expenses by Presbyterian Hospital. In the same year he was also paid by Novant Health Inc.: $88,692 in pay, $35,771 in benefits and deferred compensation and $3,574 in expenses. In addition Presbyterian Medical Care Corporation also reports three years of
unvested deferred awards of $26,950 in 2004, $28,190 in 2005 and
$25,512 in 2006. Total without the deferred awards: $553,978
T. Hayes Woollen MC, President of Novant Medical Group – In 2005 he was paid $101,357, had $47,471 in benefits and deferred compensation, and $3,692 in expenses. Total: $152,520
Befuddled 