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Executive Compensation

Johnson & Johnson escapes lawsuit over ex-CEO Weldon’s pay

June 26, 2014 By Brad Perriello Leave a Comment

Johnson & Johnson escapes lawsuit over ex-CEO Weldon's pay

Johnson & Johnson (NYSE:JNJ) yesterday escaped a shareholders derivative lawsuit alleging that the company over-paid former CEO William Weldon, who presided over a spate of recalls that bedeviled the healthcare giant a few years back.

Filed Under: Legal News, News Well Tagged With: Executive Compensation, Johnson and Johnson

Medtech makers continue shift in CEO pay

May 8, 2014 By Brad Perriello Leave a Comment

Medtech makers continue shift in CEO pay

Image © 2014 Morgan Stanley. Click image to enlarge.

Filed Under: News Well Tagged With: Executive Compensation, Morgan Stanley, Personnel Moves

Varian CEO Guertin to retire

August 13, 2012 By MassDevice staff Leave a Comment

Varian Medical Systems

The CEO of Varian Medical (NYSE:VAR) is planning to retire from the corner office in September, to be replaced by COO Dow Wilson, according to a regulatory filing.

Filed Under: News Well, Wall Street Beat Tagged With: Executive Compensation, Personnel Moves, Varian Medical Systems

Smith & Nephew shareholder faction opposes CEO Bohuon’s $2.5M “golden hello” | Personnel Roundup

April 16, 2012 By MassDevice staff Leave a Comment

MassDevice.com Personnel Roundup

A significant chunk of Smith & Nephew‘s (FTSE:SN; NYSE:SNN) shareholders withheld their endorsement or voted outright against a $2.5 million "golden hello" for new CEO Olivier Bohuon after an advisory board recommended a veto.

Filed Under: News Well Tagged With: Executive Compensation, Personnel Moves, Pharmaceutical Research & Manufacturers of America (PhRMA), Response Biomedical Corp., Smith & Nephew

Abbott brass takes pay cuts | Personnel Moves

March 16, 2012 By MassDevice staff Leave a Comment

MassDevice.com Personnel Moves

The top brass at Abbott (NYSE:ABT) saw their 2011 pay packages reduced by a collective 23.9%, ranging from a 6.1% cut for chairman & CEO Miles White to a whopping 26.9% hit for pharma head Richard Gonzalez.

Filed Under: News Well Tagged With: Abbott, Allezoe Medical Holdings, Executive Compensation, iCad Inc., Personnel Moves, Stereotaxis

Boston Scientific ties employee bonuses to overall company performance | Personnel Moves

March 5, 2012 By MassDevice staff Leave a Comment

Carrot dangling from a stick

Boston Scientific (NYSE:BSX) employees could see their annual bonus payments shrink or grow based on the device maker’s adjusted earnings per share and global sales by the end of the year, thanks to a new performance incentive plan for 2012.

The Natick, Mass.-based med-tech titan reconfigured its employee reward system, tying the total potential payout for all regions and division into a single pool, the value of which fluctuates along with the company’s performance in 2012.

Filed Under: News Well, Wall Street Beat Tagged With: Boston Scientific, Executive Compensation, iCad Inc., National Institutes of Health (NIH), Non-Invasive Monitoring Systems Inc., Personnel Moves, RoundTable Healthcare Partners, stjudemedical, Wound Management Technologies

Boston Scientific ties employee bonuses to overall company performance

March 5, 2012 By MassDevice staff Leave a Comment

Carrot dangling from a stick

Boston Scientific (NYSE:BSX) employees could see their annual bonus payments shrink or grow based on the device maker’s adjusted earnings per share and global sales by the end of the year, thanks to a new performance incentive plan for 2012.

The Natick, Mass.-based med-tech titan reconfigured its employee reward system, tying the total potential payout for all regions and division into a single pool, the value of which fluctuates along with the company’s performance in 2012.

Filed Under: Wall Street Beat Tagged With: Boston Scientific, Executive Compensation, Personnel Moves

AngioDynamics CEO: Navilyst deal hits the reset button | Wall Street Beat

February 1, 2012 By MassDevice staff Leave a Comment

Updated February 1, 2012 at 5:30 p.m.

MassDevice.com Wall Street Beat

The $372 million buyout of Navilyst Medical by AngioDynamics (NSDQ:ANGO) is a reset button that will reinforce the combined operation for the future, AngioDynamics CEO Joe DeVivo told MassDevice this afternoon.

Filed Under: Initial Public Offering (IPO), MassDevice Earnings Roundup, Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: Abiomed, aligntechnology, Angeion Corp., AngioDynamics, becton dickinson, Boston Scientific, C.R. Bard, Cynosure Inc., Danaher Corp., Edwards Lifesciences, Exactech Inc., Executive Compensation, Greenway Medical Technologies Inc., Haemonetics, Intuitive Surgical, Navilyst Medical Inc., Q4, Smith & Nephew, stjudemedical, Stryker, Thoratec Corp., Zoll Medical

Orsinger alights with $52M golden parachute from Synthes sale | Acquisitions Roundup

December 2, 2011 By MassDevice staff Leave a Comment

Synthes CEO Michel Orsinger

Synthes CEO Michel Orsinger will land a $52 million payout to give up the corner office as part of the Swiss orthopedic device maker’s $21.3 billion buyout by med-tech titan Johnson & Johnson (NYSE:JNJ).

The deal, slated to close in early 2012, includes a $51.9 million payout to Orsinger for leaving Synthes and a multimillion-dollar stock package for his new position with Johnson & Johnson.

Filed Under: Legal News, Mergers & Acquisitions, News Well, Orthopedics, Wall Street Beat Tagged With: Alere, depuysynthes, Executive Compensation, Johnson and Johnson, Revolutions Medical Corp., U.S. Justice Dept. (DOJ)

Bovie Medical slaps COO over credentials

November 30, 2011 By MassDevice staff Leave a Comment

Bovie Medical

Bovie Medical Corp. (NYSE:BVX) is demoting COO Moshe Citronowicz and cutting his pay and benefits after determining that he misrepresented his academic career.

Citronowicz, who has been with the electrosurgery company since 1993, claimed to have a bachelor’s degree in electrical engineering from Israel’s University of Be’er Sheva, according to a regulatory filing.

Filed Under: News Well, Wall Street Beat Tagged With: Bovie Medical Corp., Executive Compensation, Personnel Moves

Baxter CEO Parkinson cashes in, reaps $14 million | Wall Street Beat

November 10, 2011 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Robert Parkinson Jr., chairman & CEO of Baxter International (NYSE:BAX), added 20 percent to his paycheck total from last year by cashing in on stock options for the first time.

Parkinson, 60, who earned $11.5 million last year, netted $14.1 million last month after exercising the options and selling stock.

Filed Under: News Well, Wall Street Beat Tagged With: Baxter, becton dickinson, Boston Scientific, Executive Compensation, Hologic, Insulet, LeMaitre Vascular Inc., Smith & Nephew, Volcano Corp.

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