J. Raymond Elliott was the CEO of Boston Scientific from 2009 to 2011. He came to Boston Scientific after leading Zimmer Holdings, where he gained valuable experience. When he joined Boston Scientific, he received a sign-on bonus of $1.5 million...

Number of Employees

48K

Year

2011

Total Compensation

$2.77M

Salary

$1.13M

Board Justification

The compensation philosophy emphasizes competitive compensation opportunities aligned with company performance and individual contributions to support business strategy and long-term stockholder value.

Bonus

$0.00

Board Justification

No cash bonuses were paid to Mr. Elliott in 2011 as he did not meet the performance criteria for the year.

Other

$399.15K

Board Justification

Other compensation includes $153,444 for personal use of corporate aircraft, $20,833 for the Executive Allowance, and other benefits totaling $224,874.

Restricted Stock

$1.25M(166.67K DSUs)

Board Justification

166,667 shares of DSUs vested in 2011, which were granted in previous years and were fully vested upon retirement.

Performance Metrics

The performance metrics for 2011 included adjusted EPS, adjusted global net sales, and adjusted free cash flow.

SEC Filing

From March 27, 2012

J. Raymond Elliott

Ex-CEO of Boston Scientific

JR

Education

Bachelor's degree from the University of Massachusetts Amherst

Field of Expertise

Healthcare & Life Sciences - Healthcare

Born

July 1, 1949 - 75 years ago

Is Founder?

No

Tenure

2 years 5 months (Jul 2009 - Dec 2011)

Previous Experience

CEO of Zimmer Holdings