TARP Money, Healthcare reform and economic recovery lead the morning news. Now the salary Czar is tackling Citi's $100 compensation package for the energy division's star trader. Meanwhile at the healthcare reform table are physicians, insurers, pharmaceuticals, hospitals and corporations. What does this have to do with vascular devices? A recent AP wire story ran on the compensation for Medtronics CEO.
Medtronic’s CEO Bill Hawkins received $8.9 million in compensation in fiscal 2009. Hawkins took over as CEO last August and since then Medtronic has cut jobs and taken other steps to trim costs. A filing with the Securities and Exchange Commission showed his compensation included a $2.2 million performance bonus and $1.2 million in salary, plus stock worth $5.5 million
Not a bad year during an economic downturn. Medtronics opens the week at 35.4, down approx 30% YTD
Comments