Teamsters

North America's Strongest Union

Health Care Division

Ascension Unions United!

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All across Michigan hospitals, Ascension nurses - including Teamster members - are speaking out. It's time for corporate executives to respect those working on the front lines of theCOVID19 pandemic.

Teamsters Urge Tenet Shareholders to Reject $24 Million CEO Pay Package

(WASHINGTON) –The International Brotherhood of Teamsters, whose pension and benefit funds invest in Tenet Health Corp. (NYSE: THC), today urged other shareholders to reject the company’s “Say-on-Pay” proposal over lavish executive pay, at the health care company’s annual meeting on May 28. Since becoming CEO two years ago, CEO Ron Rittenmeyer has taken home $42 million in restricted stock, on top of lucrative cash compensation, with his 2019 pay topping more than $24 million. The Teamsters are raising the alarm over the company’s huge pay packets to its top executive officers while it has furloughed 10 percent of its workforce without pay during the COVID-19 pandemic. 

This is a rapidly evolving situation. This fact sheet will be updated online as needed. See links at the end of this fact sheet for the most up-to-date information.

COVID-19 is spreading rapidly within the United States. President Trump has declared the outbreak a national emergency, as have many states. Nurses and other healthcare workers are responding by caring for patients with COVID-19 in many communities. Protecting healthcare workers from exposure should be a high priority so that they can continue to care for patients without getting sick or spreading the infection to their communities.

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