Medtronic CEO Compensation

$19 million is a nice payday for anyone. Does Omar deserve it based on his performance?


Omar's total compensation for the year ended Aplril 27, 2018: $19,171,266

Salary: $1,641,583

Non-equity incentive pay: $8,109,248

Other compensation: $150,569

Exercised stock options: $4,282,090

Value realized on vesting shares: $4,987,776

New stock options: 214,363

Total fiscal 2018 Medtronic shareholder return: 0.1 percent

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Another huge quarter by Medtronic. Give Omar a raise!!


I think he already got a raise -

Omar Ishrak, Medtronic PLC

Chairman, CEO

Total compensation: $13,899,744 for the year ended April 30, 2019

Salary: $1,690,831

Nonequity incentive pay: $6,748,488

Other compensation: $101,114

Exercised stock options: $0

Value realized on vesting shares: $5,359,311

New stock options: 305,018

CEO pay ratio: 240-1

Median employee pay: $74,206

Total fiscal 2019 shareholder return: 13.3%

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The neutron guru with one of his disciple. Look at the destruction trail the Neutron disciples leave.. The 737 max was also a creation of Jim Mcnearny of Boeing who did not invest in technology to beat Airbus but only marketing muscle... How does corporate America still pay a premium for GE experience when the company is all but done.... Maybe they (GE medical, Medtronic )can work another merger , pay the bankers, get a bump in pay and lay off more people..... It is sad that the founders of the 2 companies had more noble intentions but are now run by wolves in sheep's clothing who only want to enrich themselves and get perks in retirement (private jets, etc etc)

When Neutron Omar retires in the next decade, expect Medtronic to be paying for his house, groceries, restaurant tabs, courtside tickets to Timberwolves games, the US Open, Wimbledon, box seats at Twins games, country club fees, bodyguards, unlimited lifetime personal use of the Medtronic corporate jet, limos, etc... That's what he learned from his mentor....


Divorce papers filed by the wife of Jack Welch Jr., the former CEO of General Electric, allege that GE covered living costs for the couple while he was working for the company and will continue to cover him for the rest of his life -- disclosures the firm never alluded to.

GE reported that it would keep Welch on as a consultant at $86,000 a year following his retirement in 2001, including "lifetime access to company facilities and services comparable to those which are currently made available to him by the company" and those benefits are "unconditional and irrevocable," according to a New York Times report, citing the company's 2001 proxy statement.

The divorce papers filed by Jane Welch detail her husband's use of an $80,000 per month Manhattan apartment owned by the company, court-side seats to the New York Knicks and U.S. Open, seating at Wimbledon, box seats at Red Sox and Yankees baseball games, country club fees, security services and restaurant bills, according to the Times.

In her filing, Jane Welch describes $126,820 per month in living costs, but states she is unable to put a value on the items covered by the GE perks or how much Jack Welch may contribute to those, the Times reported.

For an example, she provided an assessment of the use of GE's Boeing 737 jet, which is valued at $291,869 per month, or $3.5 million a year, according to the Times.

One corporate governance expert called the compensation too generous.

"There is really no justification to pay for any living or traveling expenses at that level, particularly now that he is in retirement," Nell Minow, the editor of The Corporate Library, told the paper.

https://money.cnn.com/2002/09/06/news/companies/welch_ge/

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The neutron guru with one of his disciple. Look at the destruction trail the Neutron disciples leave.. The 737 max was also a creation of Jim Mcnearny of Boeing who did not invest in technology to beat Airbus but only marketing muscle... How does corporate America still pay a premium for GE experience when the company is all but done.... Maybe they (GE medical, Medtronic )can work another merger , pay the bankers, get a bump in pay and lay off more people..... It is sad that the founders of the 2 companies had more noble intentions but are now run by wolves in sheep's clothing who only want to enrich themselves and get perks in retirement (private jets, etc etc)

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Medtronic is the next GE. Medtronic may never recover from the damage Neutron Omar has inflicted on Medtronic. His mentor Neutron Jack, planted the seeds of destruction at GE from which GE will never recover.



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The stock is up over 170% in the last ten years. The board will continue paying him well.

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Did you see an analyst at the J.P. Morgan Meeting call Omar out on the carpet about how the business is being run? Finally people are seeing through the false narratives that are being projected. Aside from certain bright spots in the business, there is a lot to be concerned about. Maybe the business is too big...

Considering the Covidien acquisition made the company even bigger I'm not sure what you think could be sold off. Most all of the businesses are assets to the company.

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Did you see an analyst at the J.P. Morgan Meeting call Omar out on the carpet about how the business is being run? Finally people are seeing through the false narratives that are being projected. Aside from certain bright spots in the business, there is a lot to be concerned about. Maybe the business is too big...

Medtronic is the next GE. Medtronic may never recover from the damage Neutron Omar has inflicted on Medtronic. His mentor Neutron Jack, planted the seeds of destruction at GE from which GE will never recover.



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Omar's JP Morgan presentation last week was embarrassing. In fact so embarrassing that his presentation caused the stock to tank. A CEO should be more polished and not have everyone fearing that he's going to **** up the stock because he can't communicate. Look how much money he makes.

Did you see an analyst at the J.P. Morgan Meeting call Omar out on the carpet about how the business is being run? Finally people are seeing through the false narratives that are being projected. Aside from certain bright spots in the business, there is a lot to be concerned about. Maybe the business is too big...

Show Language

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Omar's JP Morgan presentation last week was embarrassing. In fact so embarrassing that his presentation caused the stock to tank. A CEO should be more polished and not have everyone fearing that he's going to **** up the stock because he can't communicate. Look how much money he makes.

Show Language

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Gorsky from JNJ makes around $21 million and he runs a $77 billion company. Medtronic is ~$30 million and Omar made $19 million. It looks like a lot of that came from stock incentives though. Otherwise I would consider him being overpaid based on Medtronic's revenue when compared to JNJ. I would have to see what he is set to make this year but I would guess it is less than what he made last year.

Omar is the CEO of the largest medical device company in the world. Pay him what he wants.

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IDK, how does his comp compare to CEO's of other large medical device companies?

Gorsky from JNJ makes around $21 million and he runs a $77 billion company. Medtronic is ~$30 million and Omar made $19 million. It looks like a lot of that came from stock incentives though. Otherwise I would consider him being overpaid based on Medtronic's revenue when compared to JNJ. I would have to see what he is set to make this year but I would guess it is less than what he made last year.

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IDK, how does his comp compare to CEO's of other large medical device companies?

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