Johnson & Johnson CEO Weldon Gets 11% 2009 Raise, to $25.6 Million

AP -- The chief executive of Johnson & Johnson got an 11 percent increase in compensation in 2009, according to Associated Press calculations, while the health giant cut thousands of jobs and saw its annual revenue decline for the first time since the Depression. Bill Weldon, who has been J&J's CEO and chairman since 2002, received 2009 compensation valued at $25.6 million, based on figures in the company proxy statement filed Wednesday with the Securities and Exchange Commission.