Tenet Healthcare President and CEO Trevor Fetter and the Dallas-based system’s CFO Daniel Cancelmi experienced compensation cuts of 14.5 percent and 47.2 percent, respectively, in 2015.
In 2015, Mr. Fetter received compensation of $15.4 million, down from nearly $18 million the year prior, according to a recent filing with the Securities and Exchange Commission. Mr. Fetter’s non-equity incentive plan compensation fell from $3.9 million in 2014 to $2.8 million in 2015.
Mr. Cancelmi received compensation of $4.6 million last year, down from $8.8 million in 2014. His pension value and nonqualified deferred compensation earnings fell to $824,015 in 2014, a 64.4 percent drop from $2.3 million the year prior.
Note from Pat Lynch: I feel so sorry for them. Who can live on only $15,400,000 per year? Especially when you are used to living on $18,000,000 per year! Let’s start a fund to collect money to make up the $2,600,000 that he is losing this year. LOL