Friday, February 25, 2011

J&J CEO Weldon's 2010 performance bonus cut | Reuters

NEW YORK, Feb 25 (Reuters) - Johnson & Johnson (JNJ.N) cut the 2010 performance bonus of its chief executive, William Weldon, by 45 percent from 2009 levels to $1.98 million, according to a regulatory filing.

The CEO's diminished bonus comes after a year in which the giant diversified healthcare company endured a seemingly endless stream of recalls of consumer health products, medical devices and other products that hit the company's bottom line.

Posted via email from Jack's posterous

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