Atrium Health CEO Gene Woods got a big pay raise in 2019. Here’s how much.
Atrium Health paid top officer Gene Woods nearly $7.3 million in total compensation last year — an increase of about 19% from the year before, according to the hospital system’s compensation disclosure released Friday.
CEO Woods got a base salary of about $2.7 million in 2019, up from $1.7 million the year before.
His 2019 package included a bonus of $2.4 million and about $2.2 million in other benefits.
In 2018, Woods made about $6.1 million in total compensation. The year before, he made about $5.4 million.
The Charlotte-based not-for-profit hospital system said in a statement that compensation of its top 10 executives is equal to less than 1% of total compensation for all employees.
Atrium’s top 10 highest paid executives make more than $26.4 million in total compensation, according to the financial disclosure.
Atrium’s statement comes a day after the hospital system announced it would boost its minimum wage in the Charlotte area to $13.50, effective in employees’ next paycheck. The increase will affect more than 10,000 employees, according to Atrium.
Atrium also announced plans to raise the minimum wage to $15 in 2021.
The minimum wage increase is an investment of over $10.8 million this year, Atrium said in a statement.
This story was originally published February 7, 2020 at 4:18 PM.
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