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Mayo Clinic CEO pay climbed 27% in 2021 as health giant resumed raises

 

December 12, 2022

Mayo Clinic in Rochester

Mayo Clinic, which lowered executive pay during the first year of the pandemic, resumed raises in 2021. Some of the Rochester, Minn.-based health system's highest-ranking officials saw pay gains of more than 20%.

The Post Bulletin has a report on the pay increases, which were led by a 27% raise for Mayo CEO Dr. Gianrico Farrugia. His compensation climbed to $3.48 million in 2021, the most recent year for which data is available, from $2.74 million in 2020.

Other top executives also saw sizable pay hikes:

Chief Administrative Officer Jeff Bolton: $2.11 million (up 24%)

Dr. Kent Thielen, CEO of Mayo Florida campus: $1.79 million, up 20%

 Dr. Richard Gray, CEO of Mayo Arizona campus: $1.78 million, up 26%

https://www.bizjournals.com/twincities/news/2022/12/09/mayo-clinic-ceo-pay-2021-raises.html

 
 

Reader Comments(2)

Sad writes:

It’s interesting that he keeps his employees at 60% of Midwest comparable market but doesn’t hold himself to the same standard. So disheartening.

FreeWilly1500 writes:

He must think he is doing a fabulous job..to bad they are so short of provider’s; maybe he should offer some of his increase to attract more providers! Enough said🙏🇺🇸

 
 
 

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