Ex-Medtronic, Inc. CEO Nets $8 Million in Comp Package During 2012

Published: Jul 17, 2012

Former Medtronic chairman & CEO Bill Hawkins receives more than $8 million in total compensation, including a $3.8 million lump severance payment, following his resignation from the corner office. Former Medtronic (NYSE:MDT) chairman & CEO received more than $8 million in total compensation for his final year at the medical device titan, including a severance payment of about $3.8 million. Hawkins, who announced his retirement in December 2010, stayed on as the company searched for a replacement. He took on a consulting role in May 2011 after Medtronic announced a successor in former GE Healthcare (NYSE:GE) chief Omar Ishrak.

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