- Published on Wednesday, 10 October 2012 01:00
- Written by Los Altos Town Crier
Measure M, which would cap salaries of top El Camino Hospital executives, serves no purpose beyond being an act of vengeance by a service workers union that hit an impasse in contract negotiations. It’s a dangerous initiative that would essentially undermine the quality of our community hospital.
The measure plays on the cynicism regarding overpaid executives, asking voters to limit hospital CEO pay to no more than twice the governor’s salary – in this case, approximately $325,000 annually. On the surface, that seems reasonable – but the going CEO salary rate for a hospital El Camino’s size is more than double that. Further, board members aim for the middle range when determining salaries so that hospital pay is not exorbitant. Hospital supporters note that Apple Corp.’s President and CEO Tim Cook makes 6,425 times more than the average Apple employee. By comparison, they claim CEO Tomi Ryba makes 6.3 times more than the average El Camino Hospital salary. This is a case of getting what you pay for. A lesser CEO for less pay ultimately trickles down to a lesser hospital. If you don’t want that to happen, vote no on Measure M Nov. 6.