Bill Weldon - Johnson & Johnson
Total Compensation: $28.7 million
Details: Despite a rough year that included drug and device recalls, plant shutdowns and government probes, Johnson & Johnson CEO Bill Weldon has received praise from the company's board. Members said he "generally met expectations" during a year that included "many successes and very visible challenges." And while Weldon's total compensation dropped by $900,000 from 2009, the reduction--which included a 45 percent cut to his bonus--wasn't enough for many investors.
Weldon's base salary rose by $50,000 to $1.85 million, while his pension value, options and non-equity incentive plan compensations all dipped by anywhere from $500,000 to $1 million in each category. Facing pressure from the Institutional Shareholder Services and the American Federation of State, County and Municipal Employees, which have spoken out against his high compensation, investors will vote on Weldon's pay package this week during the annual meeting.
Johnson & Johnson News:
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Merck to pay J&J $500M in Remicade settlement