Marc Casper, CEO of Thermo Fisher Scientific, is the highest-paid healthcare CEO among S&P 500 companies, The Wall Street Journal reported June 22.
Median CEO pay at S&P 500 companies reached a new high in 2025 at nearly $18 million, according to the newspaper’s analysis of compensation data from MyLogIQ. Half of the executives received year-over-year raises of 9.8% or more. Most large companies pay their CEOs primarily in stock options or restricted stock, and take-home pay can vary significantly from the value companies initially report, the Journal reported.
The Journal ranked S&P 500 CEOs who had been in their roles for at least a year for fiscal years ending after June 30, 2025, and disclosing pay before May 30, 2026.
Here are the CEOs included in the Journal’s ranking, listed under the “health care equipment & services” and “pharmaceuticals, biotechnology & life sciences” industries, including their rank across industries:
14. Marc Casper, Thermo Fisher Scientific
Total pay: $80 million
Pay change: 162.5%
38. David Ricks, Eli Lilly
Total pay: $37 million
Pay change: 25.5%
55. Joaquin Duato, Johnson & Johnson
Total pay: $33 million
Pay change: 34.8%
57. Robert Michael, Abbvie
Total pay: $33 million
Pay change: 75.9%
78. Daniel O’Day, Gilead Sciences
Total pay: $28 million
Pay change: 20%
80. Ari Bousbib, Iqvia Holdings
Total pay: $28 million
Pay change: 5.2%
83. Albert Bourla, PhD, Pfizer
Total pay: $28 million
Pay change: 11.9%
92. Sam Hazen, HCA Healthcare
Total pay: $26 million
Pay change: 11.2%
106. Robert Bradway, Amgen
Total pay: $25 million
Pay change: 1.1%
111. Robert Ford, Abbott Laboratories
Total pay: $24 million
Pay change: 6.2%
116. Rainer Blair, Danaher
Total pay: $24 million
Pay change: 7.6%
117. Christopher Viehbacher, Biogen
Total pay: $24 million
Pay change: -2.2%
119. Michael Mahoney, Boston Scientific
Total pay: $24 million
Pay change: 9.9%
133. David Cordani, Cigna Group
Total pay: $23 million
Pay change: -1.7%
136. Gail Boudreaux, Elevance Health
Total pay: $23 million
Pay change: 10.3%
142. Christopher Boerner, PhD, Bristol Myers Squibb
Total pay: $22 million
Pay change: 16.5%
147. Kevin Lobo, Stryker
Total pay: $21 million
Pay change: -2.6%
151. J. David Joyner, CVS Health
Total pay: $21 million
Pay change: 19.1%
153. Reshma Kewalramani, MD, Vertex Pharmaceuticals
Total pay: $21 million
Pay change: -1.8%
156. Robert Davis, Merck
Total pay: $21 million
Pay change: -10.3%
163. Bryan Hanson, Solventum
Total pay: $20 million
Pay change: -49.6%
164. Stephane Bancel, Moderna
Total pay: $20 million
Pay change: 0.3%
172. Sarah London, Centene
Total pay: $20 million
Pay change: -5.3%
176. Joseph Hogan, Align Technology
Total pay: $19 million
Pay change: -29.7%
179. Kristen Peck, Zoetis
Total pay: $19 million
Pay change: 10.7%
184. James Rechtin, Humana
Total pay: $19 million
Pay change: 20.4%
186. Peter Arduini, GE Healthcare
Total pay: $19 million
Pay change: -4.7%
188. Adam Schechter, Labcorp Holdings
Total pay: $18 million
Pay change: -5.1%
191. Robert Mauch, PhD, PharmD, Cencora
Total pay: $18 million
Pay change: 0%
192. Javier Rodriguez, DaVita
Total pay: $18 million
Pay change: -16.5%
204. Bernard Zovighian, Edwards Lifesciences
Total pay: $17 million
Pay change: 19.7%
210. Thomas Polen, Becton Dickinson
Total pay: $17 million
Pay change: -1.1%
229. Marc Miller, Universal Health Services
Total pay: $16 million
Pay change: 7.5%
231. Ivan Tornos, Zimmer Biomet Holdings
Total pay: $16 million
Pay change: 7.4%
234. Albert White III, Cooper
Total pay: $16 million
Pay change: 4.0%
246. James Davis, Quest Diagnostics
Total pay: $15 million
Pay change: 7.6%
248. James Foster, Charles River Laboratories International
Total pay: $15 million
Pay change: 14.6%
252. Scott Smith, Viatris
Total pay: $15 million
Pay change: 3.5%
272. Jonathan Mazelsky, Idexx Laboratories
Total pay: $15 million
Pay change: 12.1%
283. Udit Batra, PhD, Waters
Total pay: $14 million
Pay change: 25.3%
288. Prahlad Singh, PhD, Revvity
Total pay: $14 million
Pay change: 15.8%
299. Padraig Mcdonnell, Agilent Technologies
Total pay: $13 million
Pay change: 41.8%
369. Leonard Schleifer, MD, PhD, Regeneron Pharmaceuticals
Total pay: $7.3 million
Pay change: 6.7%
370. Eric Green, West Pharmaceutical Services
Total pay: $7.2 million
Pay change: -14.3%
372. Patrick Kaltenbach, Mettler Toledo
Total pay: $6.7 million
Pay change: -1.1%
387. Peter Gassner, Veeva Systems
Total pay: $0.5 million
Pay change: -99.7%
Editor’s note: This story was updated at 3:45 p.m. Central time on June 23 to include CEOs listed under the “pharmaceuticals, biotechnology & life sciences” industry.
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