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Archive for Thursday, May 18, 2006

Hospital’s CEO gets pay raise and bonus

May 18, 2006

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Lawrence Memorial Hospital trustees gave president and CEO Gene Meyer a raise and a vote of confidence at their monthly meeting Wednesday.

Meyer received a 3.5 percent pay raise, increasing his salary to $295,000 per year. He also received a one-time $15,000 bonus to keep his salary in line with other hospital leaders in the region.

Board members cited Meyer's leadership in helping establish a new program that allows angioplasty procedures to be performed at the hospital, and his planning on a $40 million expansion that would add new maternity rooms, enlarge the emergency department and improve the hospital's surgical area, among other items.

Deborah Thompson, vice president of human resources for the hospital, said board members reviewed several national compensation studies in determining Meyer's salary. Those studies indicated the median base pay for CEOs at hospitals similar in size to LMH was about $335,000.

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