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...

Current Market Cap

$16.23B

Number of Employees

106.5K

Total Compensation

2017 - 2021

Trending up by 46.67% last year
Showing total compensation for the last 2017 - 2021

Stock

Down by -0.00% last year

Salary

Up by 3.83% last year

Bonus

Up by 671.43% last year

Other

Up by 2.21% last year

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.

SEC Filing

From March 25, 2022