Outgoing and departed chief executives ranked among the highest-paid association leaders in fiscal 2005.
But none ranked No. 1. That spot fell to Scott Serota, the Blue Cross and Blue Shield Associations president and chief executive officer, who retained the top spot with overall compensation of $2.2 million.Download the Association Executive Compensation report from our Databank/Surveys section, Association Executive Compensation: 2007.
However, well-known and long-tenured executives who recently retired or plan to step down soon crowded the top 10 in Modern Healthcares latest association compensation survey. Dennis OLeary, president of the accrediting body the Joint Commission since 1986, ranked No. 2 with overall compensation just shy of $2 million$1.97 millionin 2005. The American Hospital Associations former president, Richard Davidson, earned the No. 4 spot with $1.86 million in total compensation in 2005. Davidson stepped down Jan. 1 after 15 years as head of the Chicago-based trade group.
The Association of American Medical Colleges reported salary, benefits and expenses totaling $1.08 million for Jordan Cohen, who stepped down after 12 years as president in June 2006. Cohen placed eighth on Modern Healthcares survey, followed by Richard Bettis, the Texas Hospital Associations president and CEO from 2001 until Jan. 1, who landed at No. 9 with $961,031 in compensation.
One briefly tenured executive also made the top 10. Hal Daub, president and CEO of
the American Health Care Association for 13 months before stepping down in August 2005, reported $1.87 million in total compensation, ranking No. 3. The figure included Daubs salary for 2005roughly $463,000, plus a $1.4 million severancewhich the AHCA disclosed in 2005, though the payout is staggered over 24 months, said Eileen Ramage, the long-term-care associations senior vice president for finance and administration.
Modern Healthcares survey reports overall compensation figuressalary, benefits and expensesfrom Internal Revenue Service filings for not-for-profit organizations. Associations fiscal years vary; the survey includes pay packages for the most recent publicly available tax year. In some cases, organizations had not yet filed 2005 year-end financial figures at deadline. This years list includes four new associations: the American Medical Informatics Association, Bethesda, Md.; Hospital & Healthsystem Association of Pennsylvania, Harrisburg; Institute for Healthcare Improvement, Cambridge, Mass.; and Ohio Hospital Association, Columbus.
Serota, whose compensation rose 47%, became the first surveyed by Modern Healthcare to see compensation top $2 million, though the figure accounts for less than 1% of the associations $267 million in 2005 expenses. Blue Cross and Blue Shield did not respond to requests for comment.