Essay on Ethical Dilemmas Facing Non-Profit Hospital Ceo...

Ethical Dilemmas Facing Non-Profit Hospital CEO Compensation Ethical Dilemmas Facing Non-Profit Hospital CEO Compensation Executive Summary This essay deals with the unethical prevalence of excessive compensation packages granted to nonprofit hospital executives. Nonprofits are highly complex organizations and are vital to the community’s in which they serves. Therefore, it is essential for these organizations to appoint highly motivated individuals knowledgeable of the healthcare industry and capable of managing and leading a hospital during a national recession while health reform is changing the culture of the US healthcare system. However, many nonprofit organization’s tax-exempt statuses should be rescinded for†¦show more content†¦2009). There is a large margin in executive compensation that is dependent on features such as geographical location and size. According to the â€Å"Charity Navigator,† in 2008, the median CEO salary in the Northeast was $351,000 for large hospitals, and $120,000 for small hospitals. In the Mountain West region of the US, the median salaries for a la rge hospital was $194,374, and only $80,790 for small hospitals (Charity Navigator 2010) Seven figure salaries are not a normal occurrence among hospital and health system executives. However, according to the Chronicle of Philanthropy, which does an annual national survey of nonprofit salaries, found that the five top-paid nonprofit chief executives in 2003 all worked for hospitals. On top of these exaggerated salaries are the attractive benefits such as bonuses, deferred income, retirement plans, country club memberships, and countless other perks that are attracting the wrong kind of leaders to these organizations. Hospitals must provide their social responsibility to the community before spending outrageous salaries for chief executives. It is an unethical practice to pay executive teams more than the total spending on the necessitous care of the community. For example, the survey identified 17 hospitals in California where the total compensation to CEO’s alone exceed ed the total cost of charity care of their respective organizations. These excessive salaries could have easilyShow MoreRelatedChapter 9: Behavioral and Organizational Issues in Management Accounting and Control Systems16548 Words   |  67 Pages employees should be able to use the system’s available information in a flexible manner so that it can be customized for the decisions at hand. 9-5 The four major behavioral considerations in MACS design are: (1) embedding the organization’s ethical code of conduct into MACS design, (2) using a mix of short- and long-term qualitative and quantitative performance measures (or the balanced scorecard approach), (3) empowering employees to be involved in decision making and MACS design, and (4) developingRead MoreEssay about Bus 496 Exam Guide11506 Words   |  47 Pagesuses information technology to break down functional barriers and create a work system based on business processes, products, or outputs rather than on functions or inputs in C) reengineering. 93) Which pay strategy is not a form of incentive compensation? B) Hourly wage 94) All of the following statements regarding the recent trend in Japan of switching from seniority-based pay to performance-based approaches are true except: B) the switch is boosting employee morale. 95) What pay strategyRead MoreIBM10585 Words   |  43 Pagesprocessing technology and communications systems, services and program products. Company Ethics IBM believes that their customers deserve quality products, delivered by trusted Business Partners that stand behind their delivery and fulfillment. Ethical behavior requires more that compliance with agreements and the law, which are the minimum measures of their contractual relationship. It means meeting customer expectations, and those of IBM, in carrying out the many tasks which they perform. ThisRead MoreStrategic Human Resource Management View.Pdf Uploaded Successfully133347 Words   |  534 PagesRESOURCE INVESTMENT CONSIDERATIONS ...6 INVESTMENTS IN TRAINING AND DEVELOPMENT ..... 14 INVESTMENT PRACTICES FOR IMPROVED RETENTION ............................................................ 32 INVESTMENTS IN JOB-SECURE WORKFORCES .......... 42 ETHICAL IMPLICATIONS OF EMPLOYMENT PRACTICES ............................................................. 56 NONTRADITIONAL INVESTMENT APPROACHES ......... 58 SUMMARY............................................................... 67 NOT ES...............Read More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 Pages121 124 128 132 136 vi Contents Dale Schilling Erik Johnson 140 143 Vi. setback or failUre Chris Withers Eugenia Gibbons John Richard Craig Ellis Irfhan Rawji Thomson Nguy Anonymous Jordan Burton 150 152 154 157 159 161 163 165 Vii. ethical issUes Anonymous PaulYeh Rye Barcott Anonymous Adam Heltzer Anonymous Anonymous 171 174 177 180 183 186 189 Viii. other QUestion Nathan Dutzmann Anonymous David Zhang John Schmit 197 200 203 206 vii Contents Jaime Arreola Anonymous AllyRead MoreHbr When Your Core Business Is Dying74686 Words   |  299 Pagestrademark of Chevron Corporation The CHEVRON HALLMARK and HUMAN ENERGY are trademarks of Chevron Corporation  ©2006 Chevron Corporation A l rights reserved APRIL 2007 Features 58 What Your Leader Expects of You Larry Bossidy A longtime CEO reveals the behaviors that leaders should look for in their subordinates – behaviors that drive individual as well as corporate performance and growth – and what those subordinates should expect in return. 58 66 Finding Your Next Core Business Read MoreFundamentals of Hrm263904 Words   |  1056 PagesPrinted in the United States of America 10 9 8 7 6 5 4 3 2 1 Brief Contents PA RT 1 Chapter 1 Chapter 2 UNDERSTANDING HRM The Dynamic Environment of HRM 2 Fundamentals of Strategic HRM 28 PART 2 Chapter 3 Chapter 4 THE LEGAL AND ETHICAL CONTEXT OF HRM Equal Employment Opportunity 56 Employee Rights and Discipline 84 PART 3 Chapter 5 Chapter 6 Chapter 7 STAFFING THE ORGANIZATION Human Resource Planning and Job Analysis 110 Recruiting 132 Foundations of Selection 154 PARTRead MoreMarketing Mistakes and Successes175322 Words   |  702 PagesStarbucks, we have moved Entrepreneurial Adventures up to the front of the book. We have continued Marketing Wars, which many of you recommended, and reinstated Comebacks of firms iii iv †¢ Preface rising from adversity. I have also brought back Ethical Mistakes, because I believe that organizations more than ever need to be responsive to society’s best interests. Altogether, this 11th edition brings seven new cases to replace seven that were deleted from the previous edition. Some of the casesRead MoreHuman Resources Management150900 Words   |  604 Pagesshould be able to: ââ€"  Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as an interface. Discuss why ethical issues and professionalism affect HR management as a career field. Read MoreIntroduction to Principles of Management19125 Words   |  77 Pagesinterrelated activities in order to achieve their desired goals. Four of the key management functions are:- a) Planning - the process of setting goals and deciding how best to achieve them. b) Organizing - Involves allocating and arranging human and non human resources for the successful implementation of plans c) Directing or Leading - the process of influencing others to engage in work behavior necessary to reach the organization goals. d) Controlling - Involves regulating organizational