The fact that Johnson & Johnson CEO Alex Gorsky got a raise in 2017 isn't all that surprising. After all, his salary package has been increasing little by little over the last few years. His bonuses increased by $2.7 million, while his compensation, based on incentives, decreased by just over $1 million.
More marked are the increases enjoyed by two members of Gorsky's team. Pharmaceutical chief Joachin Duato's compensation rose from $9 million to $19 million, while Sandra Peterson, who oversees J&J's supply chain, operations, technology and medical devices, saw her salary rise to just over $17 million.
The statement outlines both executives' accomplishments for the year 2017: Duato, J&J's executive vice president since April 2016 and global president of pharmaceuticals since 2011, exceeded all of J&J's financial goals for its pharmaceuticals unit. He also got credit for the acquisition of Actelion. Peterson, on the other hand, has made strides with medical devices, a unit that has been plagued by litigation and increased competition in recent years. It improved the unit's “quality, execution and competitiveness”. In addition, the company's vision care business exceeded its financial goals for the year and closed three acquisitions.
Daily Health Industry – 3 aprile 2018
Related news: J&J’s Duato, Peterson nab hefty retention bonuses as CEO Gorsky’s pay hits $29M
The top 15 highest paid biopharma executives
