September 24, 2020

Ascension’s Tersigni, others cited in WSJ study on high pay at nonprofits

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By Angela Mueller From St. Louis Business Journal

Anthony Tersigni, president and of St.Louis-based Ascension, had the largest compensation package in 2014 among the 100,000 nonprofit organizations whose data was recently analyzed by the .

Tersigni’s 2014 compensation totaled $17.6 million, which included a $10.2 million bonus, according to the newspaper. Ascension, which is the largest nonprofit health system in the U.S., reported $21.9 billion in 2016 operating revenue across its subsidiaries.

Stephen Dufilho, an Ascension board member who serves on its compensation committee, told the Wall Street Journal that the health system ties executive compensation to goals and works with compensation consultants to ensure its pay is fair.

Bob Henkel, president and CEO of , came in at No. 18 in the Wall Street’s Journal list of “The Million-Dollar Club” of individuals employed by nonprofits that earned at least $1 million in 2014. Henkel, who has announced he plans to retire from Ascension as of June 30, earned total compensation of $7.5 million in 2014.

Overall, the nonprofit organizations analyzed by the newspaper provided seven-figure compensation to about 2,700 employees in 2014. About 75 percent of the nonprofits that provided million-dollar compensation packages worked in the health care industry.

Other Missourians who ranked high on the list included:

Randall Combs, former chief financial officer at Mercy, who earned $6.8 million in 2014 total compensation
Kim Day, also a former Mercy executive, who earned $6.3 million in 2014 compensation
William Thompson, CEO of SSM Health, who earned $5.5 million in 2014 compensation
Anthony Speranzo, chief financial officer of Ascension, who earned $4.8 million
Mark Wrighton, chancellor of Washington University, who earned $4.2 million
Patricia Maryland, chief operating officer of Ascension, who will be succeeding Henkel as president and CEO and who earned $4 million in 2014 compensation
John Doyle, executive vice president at Ascension, who earned $3.4 million
Dr. David Pryor, executive vice president at Ascension, who earned $3.3 million
Joseph Impicciche, executive vice president at Ascension, who earned $3.3 million

IMAGE: Anthony Tersigni, president and CEO of St.Louis-based Ascension

For more on this story go to: http://www.bizjournals.com/stlouis/news/2017/03/06/ascension-s-tersigni-others-cited-in-wsj-study-on.html

EDITOR: Ascension is in partnership with Health City Cayman Islands

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