[CLARIFICATION: This story as it appeared in the Oct. 26 print edition provided some misleading information on executive compensation at the hospital, both in the text and the accompanying chart. In the story, the Voice mixed base pay for fiscal years 2006-07 and 2007-08 with bonuses for the prior years. As a result, the percent salary increases in the accompanying chart were in error.
For example, base pay increases for top hospital executives averaged about 6 percent for fiscal year 2007-08. But the 23 percent (of base pay) incentives or bonuses paid were based on the hospital's above-average performance the prior year, 2006-07. Bonuses vary from year to year based on the goals achieved by the hospital and individual executives.
The story also underreported CEO Ken Graham's benefits package. Graham's benefits package equals 42 percent of his base salary, while all other executives' are 29 percent of their base salaries. --Editor]
Top executives at El Camino Hospital, including CEO Ken Graham, received substantial salary increases ranging from 9 to 42 percent this year, a move board members said was taken in order to match compensation at similar hospitals around the country.
Read the full story here Web Link posted Friday, October 26, 2007, 12:00 AM