Universal Health Pays for Billionaire's Tickets, Expensesby and
Founder Alan Miller was paid $46,391 in perks during 2015
Includes $13,846 for country club, $25,000 for tax services
Universal Health paid $46,391 in perks for the billionaire last year, including $25,000 for professional tax services, $13,846 for country-club dues, and smaller figures for accounting services, maintenance on his vehicle and personal residence, and tickets for sports events, according to its proxy statement filed Thursday. The company paid only $1,130 in perks for four other executives, including Miller’s son Marc Miller, the filing shows.
Alan Miller, 78, has structured Universal Health to give him 83 percent voting control with a 7 percent economic interest, according to the document. The company reported compensation of $20.5 million in 2015 for Miller, including $1.31 million in insurance premiums, mostly related to life policies for him and his wife. That’s an increase over his 2014 compensation of $18.4 million. He has a net worth of $1.2 billion, according to the Bloomberg Billionaires Index.
Investors holding almost 100 percent of voted shares supported the company’s pay practices in 2014, the most recent year it has held a vote on the matter.
Mary Ann Ninnis, a spokeswoman with the King of Prussia, Pennsylvania-based Universal Health, didn’t immediately respond to requests for comment.
(A previous version of this story was corrected to fix the company name and to say that requests for comment weren’t immediately returned.)