Omar Ishrak, the CEO of Medtronic, earned $12.1 million in total compensation in 2013, which was 35% higher than his total pay in the previous year.
The boost in pay reflects Medtronic’s good fortunes in the stock market last year; its share price increased from $41.45 at the beginning of 2013 to $57.49 by the end of the year—nearly a 40% jump.
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