Thirty Catholic and other faith-based institutional investors are using their shareholder clout to urge 21 health-related companies to disclose publicly the compensation packages for their top executives and their lowest-paid U.S. employees, including the costs of health care. Shareholder resolutions filed by the Interfaith Center on Corporate Responsibility are seeking reports comparing total compensation packages of highest and lowest paid employees in 2000, 2004 and 2009. The report would analyze any change in the relative size of the gap between the two; evaluate whether top executive compensation packages should be modified; and decide whether the corporate board should continue to monitor the results of the comparison. “Given the historical lack of transparency in the health care industry related to costs, this [information] is not something that shareholders know today,” said Margaret Weber, who chairs the board of the Interfaith Center on Corporate Responsibility and represents the Basilian Fathers of Toronto.
How Much Are Health Execs Worth?
Show Comments (
)
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
The latest from america
In this episode of Inside the Vatican, Colleen Dulle and Gerard O’Connell discuss the 2025 Jubilee Year, beginning on Christmas Eve 2024 and ending in January 2026.
Pope Francis prayed that the Jubilee Year may become “a season of hope” and reconciliation in a world at war and suffering humanitarian crises as he opened the Holy Door in St. Peter’s Basilica on Christmas Eve.
‘If God can visit us, even when our hearts seem like a lowly manger, we can truly say: Hope is not dead; hope is alive and it embraces our lives forever!’
Inspired by his friend and mentor Henri Nouwen, Metropolitan Borys Gudziak, leader of Ukrainian Catholics in the U.S., invites listeners in his Christmas Eve homily to approach the manger with renewed awe and openness.