Directors of Community Health Systems last week approved 2012 bonuses for the company's top six officers. The Franklin-based hospital operator will cut checks totaling $8.1 million, more than half of which is going to Chairman, President and CEO Wayne Smith. Both Smith and CFO Larry Cash are getting the largest possible bonus payments, which are based on six companywide performance measures.
But Smith, Cash and other top CHS executives aren't getting a base salary bump this year, just as they didn't in 2012. They'll have to be happy with the idea that they're getting more performance-based restricted stock this year instead of options. Check out all the details here.