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MULTICARE: CEO could feel some of the pain, too

Letter by Vanessa Giles, University Place on July 13, 2011 at 5:19 pm with 7 Comments »
July 14, 2011 8:44 am

Re: “MutiCare to lay off 100s by early fall” (TNT, 7-13).

MultiCare CEO and President Diane Cecchettini said, “We’ve agonized over this decision, but feel it is the right decision.” She said the company would seek “… careful reductions in areas where there are cost-saving opportunities.”

If, as she says, she is “saddened” and feels a responsibility to the patients, organization and those who will lose their jobs – it would be interesting to know how much of her multimillion-dollar salary (more than $5.6 million in 2008) is she willing to give back, and how many perks – such as spousal travel and country club dues – is she willing to relinquish or pay for herself in order to save jobs?

She described herself as being “miserable” over this. I suspect her misery is bearable compared to the distress of the breadwinner facing unemployment.

Although not a MultiCare employee, I am a MultiCare patient. Perhaps Cecchettini would be less “saddened” when she thinks of the laid-off employees if she sacrificed some of her extravagant compensation.

Leave a comment Comments → 7
  1. steilacoomtaxpayer says:

    I am definitely not antimanagement, but you have a real point here, Vanessa. It is too bad a CEO can haul down that amount of paper and can workers under $50K for economic reasons. If nothing meaningful in terms of a pay cut (self sacrifice) it really undermines this CEO’s credibility.

  2. Misunderestimated says:

    Wow, paid over $5 Million to manage it into financial hard times?
    Looks like the company needs to look at how it compensates its CEOs in the future.
    I would imagine a clause that rewards or penalizes based on financial performance?
    If the CEO had any credibility, she would return the perks, return the vast majority of her proven “undeserved salary,” and resign so a competent professional could step in.

  3. Wonder how big a bonus she’ll get for her outstanding leadership in these difficult times?

  4. Sroldguy says:

    With a salary around $2 million in 2009 it appears she gave back a few dimes here and there?

  5. More like she took more that a few dimes. Problably got to claim her Club memberships as business expenses.

  6. After being in the hospital for a heart problem I needed to see a heart Dr. at Multicare. I had lost my job, had to move to a ground level apartment, and numerous other expenses so Soc. Sec. wouldn’t cover my monthly expenses.
    I called and said I couldn’t make my appointment becasuse I didn’t have the co-payment. The answer ” Thanks for calling & when you get the money call us”.
    I’m still alive & haven’t been back. Certainly hope she & the others enjoy their big salaries!

  7. SoonToBeGone says:

    The caring schtick is required… But don’t let it fool you.
    Most CEOs become detached and out of touch with the aversge worker’s reality…the executives are a victims of their own spoils.
    The entire Multicare C-suite isn’t called “The Adminisphere” by the staff of underlings for nothing.
    Their heads and salaries are out of this world.

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