I am sure he is a great guy and all but I doubt that he is worth all that? and on another point… the board? generally all boards are pretty much run by the CEO, so in other words he gave himself a raise and none of the board members stood up… maybe they all got a little bonus too?
WD0AJG
Johnson & Johnson CEO’s Pay Rises 48%
Johnson & Johnson said Chairman and Chief Executive Alex Gorsky’s total compensation jumped 48% to $25 million last year, lifted by an increase in stock and option awards.
Mr. Gorsky’s stock and option awards rose to a total value of $13.6 million from $8.7 million a year earlier. The board also raised Mr. Gorsky’s base salary to $1.5 million from $1.45 million in 2013, and the CEO also benefited from a jump in pension value.
In a filing Wednesday, the pharmaceutical giant said Mr. Gorsky’s compensation increase was based on the board’s conclusion that J&J successfully executed near-term priorities, exceeded financial goals and built on momentum in its pharmaceutical business.
As a result, J&J awarded Mr. Gorsky an annual performance bonus of 135% of target and long-term incentives at 130% of target. Awards at J&J are capped at 200% of target.
Shares in J&J grew 14.2% in 2014. The company’s net profit rose 18% in 2014 on a 4.2% increase in sales. J&J issued a 2014 dividend of $2.76 a share, up 6.5% from the previous year.