Unjust pay dishonors Catholic identity of health care outfits like Ascension

MSW: Unjust pay dishonors Catholic identity of health care outfits like Ascension
The ultimate form of ownership is by the employees. When religious sisters owned and staffed these hospitals every employee owner took a vow of poverty. Professionalism and the lack of vocations has ended this form of ownership, but a mixed system could be devised with seats on the board from the Sisters, the Chaplains (and the local Ordinary if forced to), doctors, nurses and crew. For cooperative each stakeholder gets one voting share and a preferred share for every month employed or avowed. ESOPs would have a voting share each month. Everyone is vested immediately. 501(c)(3) status does mot prevent exorbitant compensation.

Boards and CEOs are just too cozy. Instead, CEOs would compete for their jobs in open auction. Ties are settled by warm body election.

Training should be at Catholic universities and medical schools, with doctors first training and working as nurses. From Junior year on, students are paid to attend school so that higher professional salaries are replaced with shares. Religious stakeholders get the same deal. Anything less is simple tokenism.

Note that there is much more to say about cooperative employment and purchasing. I have written a book on the subject.
Questions for Employee Owners: The Bindner Analytics Guide for Expanding Cooperative Democracy
 https://www.amazon.com/.../ref=cm_sw_r_cp_apa_i...