Universal Health Services, King of Prussia, Pa., said its board awarded a $2 million bonus to Alan Miller, chairman, president and chief executive officer, for his role in the successful sale of the company's French hospital assets, which netted Universal an after-tax gain of $121 million. The sale was completed in the spring. Universal said the bonus was discretionary and not part of Miller's compensation under the company's executive incentive plan. His entire pay package for 2005 won't be revealed until the company files its annual proxy statement in the spring. In 2004, Miller earned $1.3 million in salary, bonuses and other cash compensation and exercised stock options that earned gross proceeds of $16.6 million. As a result, he had the highest total dollar compensation among executives of publicly traded hospital companies, according to Modern Healthcare's annual executive compensation report. See the list. -- by Vince Galloro
Universal board OKs $2 million bonus for CEO
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