CEO

Summary Box: J&J CEO gets 8 pct. compensation bump

AP News
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Posted: Mar 14, 2012 5:29 PM
Summary Box: J&J CEO gets 8 pct. compensation bump

BIG RAISE: Johnson & Johnson's CEO got an 8 percent raise in compensation for 2011, at $23.4 million. Yet the health care giant turned in mediocre results, continues a 2 1/2-year string of product recalls and is mired in lawsuits and government probes over recalls and marketing practices.

THE BREAKDOWN: CEO William Weldon got salary of $1.9 million, a $14.3 million performance bonus, almost $7 million in stock and option awards and perks such as personal use of a corporate jet.

HEADING OUT: Weldon steps aside in April after a decade as CEO. Medical devices head Alex Gorsky succeeds him.