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After a year in which Johnson & Johnson’s product quality control was deemed such a shambles that the U.S. government will oversee some plants, the board had praise for Chief Executive William Weldon and awarded him almost $29 million in overall compensation.
The once golden reputation of the diversified health care giant was tarnished by seemingly endless recalls of widely used consumer products as well as recalls of medical devices and products from other units in 2010. Get the full story »
Johnson & Johnson cut the 2010 performance bonus of its chief executive, William Weldon, by 45 percent, from 2009 levels to $1.98 million, according to a regulatory filing.
The CEO’s diminished bonus comes after a year in which the company faced repeated recalls of consumer health products, medical devices and other products that hit its bottom line. Get the full story »
