Alan Miller, who built a ten-figure fortune while running Universal Health Services Inc. for 37 years, still gets reimbursed for expenses as pedestrian as gas and cell-phone bills.
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.
Carrie Davis, a spokeswoman with the King of Prussia, Pennsylvania-based Universal Health, didn’t immediately respond to requests for comment.
