Measure M Aims to Cut El Camino Hospital Executive Pay
Executives at El Camino Hospital in the South Bay stand to take a big pay cut if voters approve a proposal on next month's ballot.
But hospital officials are fighting Measure M with an expensive campaign funded out of their communications budget.
Bay Citizen reporter Katharine Mieszkowski says the measure would limit executive pay to twice the salary of California's governor. "If Measure M passed, at least ten executives would see their salaries cut. The CEO of the company currently makes $695,000 a year, and she's also eligible for a bonus of up to 30%. So her base salary is about four times the Governor's salary."
Only voters who live in the hospital's health care district, which includes Mountain View and Los Altos, will vote on the measure.