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compensation package

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compensation package
The combination of salary, retirement fund contributions, payment for continuing medical education activities, books, journals, bonuses, licensing fees, payment of malpractice fees, health insurance and hospitalization, disability insurance, and other components with monetary value–eg, car leasing, memberships to professional organizations, clubs, and others, that comprise the financial arrangement offered to a physician or other professional, for providing services to a hospital, HMO, or group practice


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Almost all of the board members, some of them officers, thought that the chief executive's compensation package was not for public viewing.
He said many are the cases where "compensation committees were not sufficiently independent of management while companies were not fully transparent in explaining their compensation packages to shareholders.
PRST) chief executive and chairman Jeffrey Jacobson worked nearly twice as long during his first full year in 2008 as he did in 2007, but his compensation package is less than half of the amount he received that previous year.
 
 
 
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