Sundar PichaiSundar Pichai earned $164M in 2023

Ronald Rittenmeyer, born in 1947, has a solid background in business management, holding a Bachelor’s degree in Business Administration. He became the CEO of Tenet Healthcare in 2017 and has since led the company through various financial changes. Notably, under...

Quick Links
T

Ronald Rittenmeyer

Ex-CEO of Tenet Healthcare

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management - Business Management

Sector of Economy

Healthcare

Born

January 1, 1947 - 78 years ago

CEO of Tenet Healthcare for

4 years 0 months (Aug 2017 - Sep 2021)

Previous Experience

CEO of Millennium Health, CEO of Expert Global Solutions, various senior management positions at EDS

Holdings

See how much did Ronald Rittenmeyer make over time.

Rittenmeyer's stock holdings have seen significant growth while he has been at Tenet Healthcare. In 2019, his holdings were valued at about $15 million and steadily increased over the years, peaking at $78.17 million in September 2024. This rise reflects...

Total Stock Sold

$59.53M

THC

$59.53M

918,603 THC shares

What if they kept their stock?

If Ronald Rittenmeyer didn't sell their stock, today they would have:
Extra THC918,603 shares worth $18.56M.
This is -68.81% and $40.96M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Ronald Rittenmeyer.

THC

$22.59M

THC at $90.34/share

Mar 2, 2022

Sale

THC

$451.51K

THC at $77.86/share

Dec 16, 2021

Sale

THC

$462.84K

THC at $76.00/share

Dec 10, 2021

Sale

THC

$5.87M

THC at $76.02/share

Dec 7, 2021

Sale

THC

$12.05K

THC at $79.25/share

Nov 24, 2021

Sale

THC

$1.74M

THC at $79.28/share

Nov 23, 2021

Sale

THC

$2.34M

THC at $79.01/share

Nov 19, 2021

Sale

THC

$3.94M

THC at $79.00/share

Nov 18, 2021

Sale

Compensation History

See how much did Ronald Rittenmeyer make over time.

Ronald Rittenmeyer’s compensation reflects his pivotal role at Tenet Healthcare. In 2021 alone, he earned a total of $18.67 million, which included a base salary of $1.5 million and a performance-based bonus of $6.75 million due to exceeding the company's financial targets. His vested stock, valued at around $10 million, underscores the rewards tied to Tenet’s performance and profitability. This approach aligns with their philosophy of incentivizing leadership based on outcomes. Prior to 2021, his total compensation in 2020 was about $16.7 million, showing a steady increase over his tenure. Rittenmeyer's financial structure is crafted to not only attract talent but also maintain a keen focus on shareholder value. His compensation is a direct reflection of the company's performance metrics, emphasizing a results-driven leadership style.

Year

2021

Total Compensation

$18.67M

Salary

$1.50M

Board Justification

The compensation philosophy is designed to attract and retain top executive talent while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$6.75M

Board Justification

The bonus is based on the company's performance metrics achieved at 200% of target under the Annual Incentive Plan for 2021, with an individual performance multiplier of 150%.

Other

$416.15K

Board Justification

Other compensation includes matching contributions under the 401(k) Retirement Savings Plan, contributions under the Executive Retirement Account, personal use of company aircraft, and personal use of a company car and driver for security reasons.

Restricted Stock

$10.00M(189.22K RSU)

Board Justification

The stock awards granted on February 24, 2021, vest quarterly in equal installments ending on December 31, 2022.

Performance Metrics

The performance metrics for the CEO's compensation in 2021 included Adjusted EBITDA and Adjusted Free Cash Flow Less Cash Payments to Noncontrolling Interests.