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flag Mayo Clinic executives got pay raises in 2024, citing inflation and competition, with CEO's salary reaching $3.5 million.

flag Mayo Clinic executives saw significant salary increases in 2024, with the CEO's compensation rising to $3.5 million, up from $2.8 million the previous year. flag The organization attributes the hikes to inflation, rising healthcare costs, and competitive pressures to retain top leadership. flag The increases were approved by the board and align with broader trends in nonprofit healthcare compensation. flag The clinic emphasized that executive pay remains below industry averages for similar-sized organizations.

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