Medtronic, Inc. (JOBS) Raises CEO Pay 26 Percent to $8.9M

AP -- Medtronic Inc., the world’s largest medical device maker, paid Chief Executive Bill Hawkins $8.9 million in total compensation for fiscal 2009, a 26 percent increase, according to an analysis by the Associated Press. The pay hike comes as Medtronic sheds jobs in an effort to streamline operations and shrink underperforming business units.

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