Tuesday, January 17, 2006

Duluth News Tribune | 01/15/2006 | Health-care CEOs earn big bucks

Duluth News Tribune | 01/15/2006 | Health-care CEOs earn big bucks: "Health-care CEOs earn big bucks
BY PETER PASSI
NEWS TRIBUNE STAFF WRITER

The heads of Minnesota's health-care nonprofits pull down some hefty compensation packages.

Mark Banks, CEO of Blue Cross and Blue Shield of Minnesota, received total compensation worth $2.4 million in 2004. To put that in perspective, he oversees a $6.6 billion operation.

In the Northland, Peter Person, former CEO of St. Mary's/Duluth Clinic Health System, was the highest-paid nonprofit CEO in 2004. His total compensation, including benefits that year, was $948,515 while overseeing a $680.6 million system.

Today, Person runs Essentia, a partnership of SMDC and Benedictine Health Systems with more than $1 billion in revenues."

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