Medtronic CEO is No Longer the Highest Paid Med Device Company CEO

Medtronic CEO Omar Ishrak is no longer the most compensated medical device company CEO; the spot now belongs to J&J CEO Alex Gorsky.

Ishrak’s total compensation was $15.3 million for the fiscal year ended April 29, according to Medtronic’s recently filed proxy statement with the U.S. Securities and Exchange Commission.

The amount is only two-fifths the nearly $38.5 million Ishrak received a year before, when the company provided Ishrak roughly $25 million to compensate him for special excise taxes incurred from Medtronic’s $50 billion merger with Covidien.

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