The CEO compensation among the top 15 American-based medical device manufacturers varies from $21 million for Johnson & Johnson's CEO Alex Gorsky to $2.6 million for Daniel J. Starks, chairman, president and CEO of St. Jude Medical.
The top companies were ranked by Medical Product Outsourcing according to sales reported for the 2015 fiscal year. The list includes Medtronic as its operational headquarters remained in Minnesota although the company acquired Covidien and moved its official to Dublin, Ireland.
The compensation statistics are based on Salary.com's Executive Salary calculator, which reports data from proxy statements filed for the 2015 fiscal year. Note: The total compensation includes salary, bonus and stock options in addition to other sources of compensation not individually mentioned here.
1. Alex Gorsky, Chairman and CEO of Johnson & Johnson (New Brunswick, N.J.): $21 million
• Salary: 1.6 million
• Bonus: $4 million
• Awarded as stock: $10 million
• Stock options: $4.6 million
2. Omar Ishrak, Chairman and CEO of Medtornic (Dublin, Ireland): $11.9 million
• Salary: $1.4 million
• Bonus: $4.7 million
• Awarded as stock: $3 million
• Stock options: $2.6 million
3. George S. Barrett, Chairman and CEO of Cardinal Health (Dublin, Ohio): $13.7 million
• Salary: $1.3 million
• Bonus: $2.4 million
• Awarded as stock: $6.5 million
• Stock options: $3.3 million
4. Thomas P. Joyce Jr., President and CEO of Danaher Corp. (Washington, D.C.): $10.6 million
• Salary: $1 million
• Bonus: $2.6 million
• Awarded as stock: $3.8 million
• Stock options: $3 million
5. Vincent A. Forlenza, Chairman, CEO and President of Becton Dickinson (Franklin Lakes, N.J.): $13.4 million
• Salary: $1.1 million
• Bonus: $2 million
• Awarded as stock: $5.7 million
• Stock options: $4.6 million
6. Jose E. Almeida, Chairman and CEO of Baxter International (Deerfield, Ill.): $7.9 million
• Salary: $231,507
• Bonus: $0
• Awarded as stock: $2.9 million
• Stock options: $4.8 million
7. Kevin Lobo. Chairman, President and CEO of Stryker Corp. (Kalamazoo, Mich.): $10.5 million
• Salary: $1.1 million
• Bonus: $1.9 million
• Awarded as stock: $3.6 million
• Stock options: $3.5 million
8. Miles D. White, Chairman, CEO and Director of Abbott Laboratories (Chicago): $18.8 million
• Salary: $1.9 million
• Bonus: $3.3 million
• Awarded as stock: $6.2 million
• Stock options: $6.2 million
9. Michael Mahoney, President and CEO of Boston Scientific (Marlborough, Mass.): $11.4 million
• Salary: $967,740
• Bonus: $1.8 million
• Awarded as stock: $6.6 million
• Stock options: $1.9 million
10. David Dvorak, President and CEO of Zimmer Biomet (Warsaw, Ind.): $10.3 million
• Salary: $1 million
• Bonus: $1.7 million
• Awarded as stock: $3.7 million
• Stock options: $3.7 million
11. Daniel J. Starks, Chairman, President and CEO of St. Jude Medical (St. Paul, Minn.): $2.6 million
• Salary: $1.1 million
• Bonus: $1.4 million
• Awarded as stock: $0
• Stock options: $0
12. Inge Thulin. Chairman, President and CEO of 3M Healthcare (Maplewood, Minn.): $15.5 million
• Salary: $1.4 million
• Bonus: $2.3 million
• Awarded as stock: $5.5 million
• Stock options: $5.5 million
13. Dow R. Wilson, President and CEO of Varian Medical (Palo Alto, Calif.): $7.5 million
• Salary: $1 million
• Bonus: $796,800
• Awarded as stock: $3.7 million
• Stock options: $1.8 million
14. Bret W. Wise, Chairman and CEO of Dentsply Sirona (York, Pa.): $6.5 million
• Salary: $975,000
• Bonus: $1.5 million
• Awarded as stock: $2.3 million
• Stock options: $1.5 million
15. Stephen P. MacMillan. Chairman, President and CEO of Hologic (Bedford, Mass.): $11.3 million
• Salary: $1 million
• Bonus: $2.6 million
• Awarded as stock: $5.4 million
• Stock options: $1.8 million