Bredefeld, Arias on Valley Children's CEO pay: 'Astonishingly excessive' – The Business Journal
California State Treasurer Fiona Ma walks with Todd Suntrapak in this Valley Children’s Hospital photo from 2019
Fresno City Councilmembers Garry Bredefeld and Miguel Arias have planned a 9 a.m. Wednesday news conference to discuss the “astonishingly excessive pay” of Valley Children’s Hospital CEO Todd Suntrapak.
This is after reports that Suntrapak brought in a compensation package worth $5.1 million in 2021 according to IRS tax filings and received a $5 million forgivable loan for a home in Carmel.
Vintage Foster, CEO of AMF Media Group, contracted with Valley Children’s for communication services, took to the radio airwaves on KMJ Tuesday to explain and defend the compensation package. He said bonuses and adjustments to Suntrapak’s retirement package accounted for the $5.1 million figure.
He said Suntrapak’s actual, take-home pay is closer to $3.2 million.
Foster added that during Suntrapak’s 12 years as president and CEO, the hospitals net assets went from $430 million to $1.9 billion.
“Is he worth 3.2 million?” Foster told the hosts of the Broeske and Musson Show on KMJ. “Seven days a week, and twice on Sunday.”
GVWire reported that a $5 million loan from Valley Children’s “in lieu of other compensation” for Suntrapak’s 3,200 square-foot Carmel home was forgivable, part of a “retention mechanism” to keep him with the hospital.
Councilmember Bredefeld said in an interview Thursday afternoon that Suntrapak and his executive team’s compensation in the last few years has outpaced hospitals with more revenue and beds.
He added he hasn’t seen any hospital CEO compensation package in his research that includes a forgivable home loan.
At the Wednesday morning news conference, Bredefeld intends to share his concerns, including about the oversight of the Valley Children’s Hospital board of trustees, which includes Fresno County District Attorney Lisa Smittcamp, he noted.
Ben Hensley contributed to this report.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Fresno City Councilmembers Garry Bredefeld and Miguel Arias have planned a 9 a.m. Wednesday news conference to discuss the “astonishingly excessive pay” of Valley Children’s Hospital CEO Todd Suntrapak.
This is after reports that Suntrapak brought in a compensation package worth $5.1 million in 2021 according to IRS tax filings and received a $5 million forgivable loan for a home in Carmel.
Vintage Foster, CEO of AMF Media Group, contracted with Valley Children’s for communication services, took to the radio airwaves on KMJ Tuesday to explain and defend the compensation package. He said bonuses and adjustments to Suntrapak’s retirement package accounted for the $5.1 million figure.
He said Suntrapak’s actual, take-home pay is closer to $3.2 million.
Foster added that during Suntrapak’s 12 years as president and CEO, the hospitals net assets went from $430 million to $1.9 billion.
“Is he worth 3.2 million?” Foster told the hosts of the Broeske and Musson Show on KMJ. “Seven days a week, and twice on Sunday.”
GVWire reported that a $5 million loan from Valley Children’s “in lieu of other compensation” for Suntrapak’s 3,200 square-foot Carmel home was forgivable, part of a “retention mechanism” to keep him with the hospital.
Councilmember Bredefeld said in an interview Thursday afternoon that Suntrapak and his executive team’s compensation in the last few years has outpaced hospitals with more revenue and beds.
He added he hasn’t seen any hospital CEO compensation package in his research that includes a forgivable home loan.
At the Wednesday morning news conference, Bredefeld intends to share his concerns, including about the oversight of the Valley Children’s Hospital board of trustees, which includes Fresno County District Attorney Lisa Smittcamp, he noted.
Ben Hensley contributed to this report.
With billions of dollars in funding from the White House
The Department of Alcoholic Beverage Control (ABC) announced in a
Construction for a revamped Mariposa Plaza in Downtown Fresno commences
(AP) — When Hunter Morgan bought an optometry practice in
BLOG: Visalia’s daily paper ceases local printing
Posted: March 18, 2024 at 2:03 pm
Watching a printing press in action is a sight and
BLOG: Prop. 13 needs your help
Posted: March 11, 2024 at 4:46 pm
There was a time in California when the average property
3/5
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remaining
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TheBusinessJournal.com
please create a FREE account OR login here.
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For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at
TheBusinessJournal.com
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XX Days Remaining
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
