Attorney General Martha Coakley vowed Thursday to order Massachusetts nonprofits to disclose more information about their executive compensation after her office determined that some of the state’s most prominent nonprofits offered their chiefs generous salaries and perks unavailable to most workers.
A survey of 25 large health insurers, universities, and other Massachusetts charitable organizations, released Thursday by Coakley’s office, found that all of them paid their leaders between $487,000 and $8.8 million a year in total compensation each year between 2009 and 2011.
In addition to salaries, many of the organizations offered executives an assortment of other benefits, including bonuses, deferred compensation, auto allowances, financial planning, life insurance, and other considerations that are more commonly associated with corporate leaders and boosted their total pay.
In 2011, that brought total compensation of Northeastern University president Joseph E. Aoun to $3.1 million. In the same year, Partners HealthCare chief executive Gary L. Gottlieb received $2.2 million, Tufts Health Plan head James Roosevelt Jr. took in $2.1 million, and ISO New England chief Gordon van Welie received $1.6 million.
Even when executives retire, the 92-page report found, they often leave with hefty severance or consulting deals that allow them to earn millions more.
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