But the big gains have, in fact, come in high-level compensation — C.E.O.
"He got caught in this backlash against high-level compensation," said former Senator Bob Kerrey, now president of New School University in New York.
"It's terrible when poor performance gets rewarded with a high level of compensation," he said via email.
Some doctors had privately complained about the high level of compensation being drawn from a financially strained system serving the city's poor.
This was an inordinately high level of compensation for doing very little and in its most negative light appeared to be a payoff to the two executives to buy the company.
This allows the firm to attract senior lateral hires with a high level of compensation without upsetting existing professionals.
After receiving subsidies from their superiors, the county government spent a large amount of fiscal revenues to facilitate the shutdown of the mines, hoping that the high level of compensation would buy the mine owners' understanding.
Given this wage differential, employers might also be concerned that returnees might require a high level of compensation, thus making them less attractive to potential employers; in practice, the salary effect can be estimated by randomly varying the salary requirement.
Values close to 0.5 represent intermediate levels of compensation, whereas values approaching 1.0 reflect high levels of compensation.
In the proxy statement, the board's compensation committee said that last year it began a "comprehensive review" of its philosophy, which had been to provide "high levels of compensation in order to attract and retain the highest-quality executives".
