Robert Reich @RBReich: Partners HealthCare CEO Anne Klibanski, who makes between $2M and $6M

[friendly_iconoclast]

18. The nerve of some people- expecting mere *employees* to endanger Partners expansion plans:

https://www.bizjournals.com/boston/news/2020/01/13/partners-healthcare-expects-to-spend-6-1b-in-next.html

Partners HealthCare expects to spend $6.1B in next five years on expansions

...Partners plans to spend $6.1 billion from fiscal 2020 through fiscal 2024 to stay at the top of the health care food chain, according to the presentation. Spending, in both committed projects and new initiatives, could ultimately be higher, with another $675 million available for the organization...

...In fiscal 2019 alone, revenue from innovation totaled $349 million — a 139% increase from fiscal 2018. Apart from general upticks, the health system saw a large bump in fiscal 2019 from the sale of an orthopedic device to Zimmer Biomet (NYSE: ZBH), an Indiana-based medical device company, for $47 million.

At the same time, the organization has saved millions of dollars since fiscal 2017. From fiscal 2017 through fiscal 2019, Partners had saved $424 million through a variety of expense management techniques, including supply chain efficiencies, workflow improvements, a buyout of Brigham employees and other operational efficiencies. The organization hopes to save another $76 million in fiscal 2020.

That strategy has allowed Partners to embark on the next five years on solid footing. The health system’s operating income has been trending upward for the past three years, culminating in $485 million in operating income reported in fiscal 2019....