Wednesday, April 7, 2010 as of 11:14 AM ET
Johnson & Johnson (JNJ) Chairman William Weldon's annual base salary was reduced by nearly half to $1 million after he stepped down as chief executive last month, the company said Monday.
Weldon's previous annual base salary was set at $1.97 million for 2012, for his roles as both chairman and CEO, but with the expectation that J&J's board would consider the appropriate compensation for Weldon in his role as chairman only.The decrease reflects that Weldon is no longer CEO, said spokesman Al Wasilewski.On April 26, Alex Gorsky succeeded Weldon as CEO. Weldon is continuing as chairman and will remain an employee of the company, J&J said in a quarterly report filed with the Securities and Exchange Commission Monday.J&J said in a previous SEC filing that in his role as chairman, Weldon will work closely with Gorsky to ensure a seamless leadership transition. During this time, all day-to-day management and operational responsibilities are being transferred to Gorsky.Weldon will remain an emp...
FBN’s Ashley Webster on Johnson & Johnson CEO William Weldon ’s plans to step down in April.
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(This story has been posted on The Wall Street Journal Online's Health Blog at http://blogs.wsj.com/health.)Johnson & Johnson will name Alex Gorsky as its next CEO, ...
Johnson & Johnson (NYSE:JNJ) said late Tuesday that CEO William Weldon will retire late in April and be replaced by current vice chairman Alex Gorsky. Gorsky, 51, wi...
(This story has been posted on The Wall Street Journal Online's Health Blog at http://blogs.wsj.com/health.)Johnson & Johnson avoided a third consecutive year of sal...
Johnson & Johnson (NYSE:JNJ) reported a lower fourth-quarter profit related to one-time recall costs and its still-shuttered McNeil facility that hampered domestic o...
Johnson & Johnson (JNJ) Chief Executive William Weldon said Tuesday he expects annual global health-care spending growth in the midsingle digits on a percentage basi...
Johnson & Johnson (JNJ) reported an 89% drop in fourth-quarter profit due to legal settlements and product-liability costs, while the health-care giant avoided a thi...
It’s that time of year again, when proxies are released and many business publications run lists of the highest paid CEOs at America’s large public companies. The co...
Johnson & Johnson’s (NYSE:JNJ) third-quarter profit narrowed during the period on over-the-counter production disruptions that led to a decline in U.S. sales, howeve...
Johnson & Johnson (NYSE:JNJ) revealed Tuesday a 20% decline in second-quarter profit that missed expectations, as strong international demand could not wholly offset...
FOX Business: The Power to ProsperThe markets rallied for a second-straight day after the Federal Reserve said it plans on keeping short-term interest rates at extra...
NEW BRUNSWICK, N.J. -(Dow Jones)- Alex Gorsky, Johnson & Johnson's (JNJ) incoming chief executive, said his No. 1 priority was fixing the problems in the company's o...
Johnson & Johnson (JNJ) Tuesday reported a slight decline in first-quarter sales because of drug patent expirations and manufacturing constraints, but the company po...
The U.S. Department of Justice has asked a federal judge to compel incoming Johnson & Johnson (JNJ) Chief Executive Alex Gorsky to undergo questioning as part of a l...
Pfizer Inc (NYSE:PFE) said Chief Executive Ian Read's compensation jumped more than 40 percent last year to $25 million as he steered a steady course for the world's...
Johnson & Johnson's (NYSE:JNJ) outgoing CEO William Weldon could receive more than $140 million when he leaves the company, according to a regulatory filing on Wedne...
Johnson & Johnson (JNJ) Chairman and Chief Executive William Weldon stands to collect pension and deferred compensation currently valued at $143.5 million after his ...
Johnson & Johnson's (JNJ) outgoing chief executive has received a 55% increase in his annual performance bonus for 2011, partially restoring the cut he was dealt for...
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