this post was submitted on 18 Jul 2024
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Departed CEO made $603K, only worked 4 months for Manitoba Shared Health last year (www.cbc.ca)
submitted 4 months ago by [email protected] to c/[email protected]
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The former CEO of Shared Health saw his pay exceed $600,000 last year β€” a nearly 83 per cent increase from the prior year β€” despite only working for four months before his unexpected departure from the provincial health-care organization.

Adam Topp earned $603,604 in 2023, according to recent compensation disclosures.

The same documents reveal some executives also claimed in the range of $30,000 to $60,000 in extra compensation, attributed at least partially to them collecting retroactive pay increases to match the raises of unionized health-care staff.

Topp led Shared Health for less than four months in 2023 before the organization described his departure as a "resignation" in a brief, two-sentence statement to media near the end of April. The announcement of his replacement β€” Lanette Siragusa, one of the public faces of Manitoba's COVID-19 response β€” was made the next day.

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[–] [email protected] 1 points 4 months ago (1 children)

This is what I hate the most about our so-called healthcare system ... millions of tax dollars spent on a bureaucracy without any kind of oversight as to how well it's working or why gov't employees are receiving fucking bonuses that surpass what many workers make in a year.

Fuck this shit. :(

[–] [email protected] 1 points 4 months ago (2 children)

The article says it was the result of a retroactive salary adjustment coupled with severance pay - unfortunate, but I'm not sure it's an egregious example of mismanagement (besides him apparently being a bad hire - I wish we knew more about why he was let go).

There's a lot of argument to be had over the relative value of CEOs across the board, but Shared Health presumably has to offer a salary that's competitive with the private sector.

[–] [email protected] 1 points 4 months ago

I've yet to get half a million in severance and I'm actually fucking good at my job.

[–] [email protected] 1 points 4 months ago

but Shared Health presumably has to offer a salary that's competitive with the private sector.

That's always the excuse, including shitty hires like this one.

It's a load of crap no matter which way you look at it.