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The salary is 1/3 to 1/2 what a ceo of a similar sized private corporation would earn. For the same skills and management tasks
According to KPMG audit from last year OHSU got 33 million in tax money out of a revenue of 3.1 billion. That is 1% of revenue.
What percentage of state expenditures goes toward unfunded pension liabilities ?
In public/monopolistic sectors, we need people who enjoy the type of work they do, and are relatively simple-minded when it comes to optimizing their own benefits. High pay/pension for administrators in those sectors accomplish the exact opposite, because they are not under market competitive pressure.
According to KPMG audit from last year OHSU got 33 million in tax money out of a revenue of 3.1 billion. That is 1% of revenue. What exaclty is your defintion of largley?
Ridiculous to compare large federal agencies to autonomous public corporations. The mission and job is totally different.
The salary is 1/3 to 1/2 what a ceo of a similar sized private corporation would earn. For the same skills and management tasks.
Why is it outrageous? Want to provide the missing explanation since no one has so far.
This has to be a joke, right? Do you honestly think the school would have $3.1 billion revenue if not for government-subsidized student loans? and government-enforced monopoly on both the practice of medicine and dentistry (the field where the school specializes) and on the establishment of universities itself?
Not at all. Considering both patients (the ultimate customers of the graduates of the school) and students are heavily subsidized by government to pay for a services in an industry that is severely restricted in supply by licensing requirement, the field of both medicine and medical schools are effective monopolies and oligopolies enforced by the government. It's classic "socializing the cost" while "privatizing the looting"!
The salary is 1/3 to 1/2 what a ceo of a similar sized private corporation would earn. For the same skills and management tasks.
Why is it outrageous? Want to provide the missing explanation since no one has so far.
So post the numbers. It's true because I believe it shoudl be true isn't good enough.
I've got to assume you are totally unaware the restriction on training doctors is the amount of funding for residency programs provided by state and federal governments.
bob2356 says
The salary is 1/3 to 1/2 what a ceo of a similar sized private corporation would earn. For the same skills and management tasks.
Why is it outrageous? Want to provide the missing explanation since no one has so far.
Yes, but private corporations are beholden to share holders, and a board that determine compensation and severance based on a projected profit or expectations of earnings.
How was this doctor's retirement compensation determined? AFAIK, this is determined by a union contract that is negotiated by the union and the college district, not by taxpayers.
Public entities are beholden to the politicians who are beholden to the voters. If voters want to stick their heads in the sand and fail to hold their politicians responsible that is their choice. Oregon has public referendum. Anyone is free to put a referendum on the ballot to reform PERS, but it hasn't happened yet.
How exaclty is this an explanation of why it's outragous for someone to have a 1.7 million salary running a 3 billion dollar enterprise. Public entities are beholden to the politicians who are beholden to the voters. If voters want to stick their heads in the sand and fail to hold their politicians responsible that is their choice. Oregon has public referendum. Anyone is free to put a referendum on the ballot to reform PERS, but it hasn't happened yet.
I would say the retirement was determined by the rules of PERS. I'm not saying it's not a lot of money. I agree PERS rules are really screwed up. For one thing they allow outside income to be included in calculating retirements. Many things are screwed up, like CEO's getting huge amounts of money for walking away from companies they ran into the ground without the share holders having any say. So much for being beholden.
It's better than the 1% number (only 1% of the college's revenue came from tax payers) that you quoted to deliberately obfuscate. Are you not aware that average medical students graduate with over $160k debt? Are you not aware that specific school gets paid by Oregon State university system via cross training programs?
This is again nonsense! Just because the hospitals cry for more public funding because they waste money while limit the supply of doctors (the very purpose of founding AMA a century ago; before AMA successfully lobbied the government into restricting the supply of doctors medicine was so affordable that doctors visiting patients home to give treatment was routine). By your logic (training doctors is limited by the amount of funding for residency programs), hospitals and doctors didn't exist before there was government funding for residency programs! How dumb does a person have to be to believe in that kind of propaganda?!
Yes there were no residencies in the good old days when people did surgery without anaesthesia bare handed with a cigar in their mouth.
Want ot post the statute the AMA got passed to restrict the supply of doctors? I'll wait
bob2356 saysYes there were no residencies in the good old days when people did surgery without anaesthesia bare handed with a cigar in their mouth.
You are describing the Civil War era army surgeon on the pay of the government. In the private sector, would you spend your own money to go to a surgeon like that? So why do you think others would?
The irony is that, high cost and consequent public-pay medicine you advocate is precisely what leads to mice/roach infested hospitals in Cuba and Venezuela as well as in VA hospitals in the US.
Quality of service is a result of consumer choice while spending their own money, not that of the bureaucratic foremen on a slave plantation.
Want ot post the statute the AMA got passed to restrict the supply of doctors?
very high salaries are actually very rare in the private sector,
If the public sector executives believe they can pull $million+ salaries in the private sector, let them go to the private sector and compete down executive pay in the private sector!
bob2356 saysPublic entities are beholden to the politicians who are beholden to the voters. If voters want to stick their heads in the sand and fail to hold their politicians responsible that is their choice. Oregon has public referendum. Anyone is free to put a referendum on the ballot to reform PERS, but it hasn't happened yet.
Yes I agree. But here it seems that there is an admission that political corruption could skew what is fair or outrageous in terms of compensation.
What do you think medicine was in the pre resdency days? That was all there was. Modern anesthesia didn't start until the 1920's and IV anesthesia didn't start until the late1930's. Yes you paid for it because that's all there was. One of the first residencies was anesthesia.
WTF are you babbling about? What is public pay medicine? Is that like the rest of the first world that gives better medical care for half the cost? Funny you said Cuba, I actually toured a hospital and school when I visted Cuba. Very clean, no mice or roaches. Cuban kids start learning english in 2nd grade.
So 75-100k a year private medical schools provide better quality of service than 30-50k public medical schools? You are saying we would have a lot more doctors if everyone went to a 100k a year private medical school?
bob2356 saysWant ot post the statute the AMA got passed to restrict the supply of doctors?
Still waiting. and waiting, and waiting, and waiting.
Reality saysvery high salaries are actually very rare in the private sector,
ROFLOL.
Reality saysIf the public sector executives believe they can pull $million+ salaries in the private sector, let them go to the private sector and compete down executive pay in the private sector!
Many do, there is a constant churn between private industry and public service. You didn't get the memo? Try again.
Reality saysIt is outrageous because these are non-profits and/or their services largely paid for by tax money (i.e. government granted monopolies). By your math, DOD having a 700B annual (public) budget, should the secretary be paid 360 million dollars a year? and a pension of $180,000,000/yr? What about the head of the social security administration or the POTUS supervising even larger annual budgets?
According to KPMG audit from last year OHSU got 33 million in tax money out of a revenue of 3.1 billion. That is 1% of revenue. What exaclty is your defintion of largley?
Ridiculous to compare large federal agencies to autonomous public corporations. The mission and job is totally different.
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A public university president in Oregon gives new meaning to the idea of a pensioner.
Joseph Robertson, an eye surgeon who retired as head of the Oregon Health & Science University last fall, receives the state’s largest government pension.
It is $76,111.
Per month.
That is considerably more than the average Oregon family earns in a year
WTF and I thought IL was bad.