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John W. Brown served as CEO of Stryker Corporation from June 2003 to January 2005 after a long career with the company, starting in 1977. He led Stryker, which manufactures medical devices, during a period of significant growth. Brown is...

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John W. Brown

Ex-CEO of Stryker

Education

Bachelor's degree in Industrial Engineering from Auburn University.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Healthcare

Born

June 1, 1934 - 90 years ago

CEO of Stryker for

1 year 11 months (Jan 2003 - Dec 2004)

Previous Experience

Joined Stryker in 1977, served as President and CEO from 1977 to 2003.

Holdings

See how much did John W. Brown make over time.

John W. Brown had significant holdings in Stryker Corporation, with 19.98 million shares, showcasing his financial commitment to the company. At one point, he held over 4.94% of the company, which demonstrated his confidence in its direction. The value of...

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Insider Trading

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Compensation History

See how much did John W. Brown make over time.

In 2004, John W. Brown's total compensation reached $2,975,000, with a base salary of $975,000 and an impressive bonus of $2 million, much of which stemmed from his leadership during a key growth period for Stryker Corporation. This bonus included a special $1 million incentive awarded for outstanding performance as CEO. His salary and bonuses were closely tied to the company's performance goals, ensuring a strong alignment between his financial success and Stryker's growth. Brown had previously earned a total of $1,925,000 in 2003, reflecting the evolving nature of executive compensation based on performance metrics, a trend that continues to shape the executive compensation landscape.

Year

2004

Total Compensation

$3.05M

Salary

$975.00K

Board Justification

The Company's executive compensation programs are designed to enable the Company to attract, retain and motivate highly talented executives required for the success of the business, providing compensation opportunities that are comparable with other large companies in the medical device industry.

Bonus

$2.00M

Board Justification

Includes a special bonus of $1,000,000, payable on April 1, 2005, in recognition of the outstanding performance of the Company under his leadership during his 28 years of service as Chief Executive Officer.

Other

$0.00

Board Justification

Restricted Stock

$70.00K(70K common stock)

Board Justification

Restricted stock awarded in 2004, with a value of $70,000.

Performance Metrics

The primary elements in the calculation of bonuses for the Named Executives in 2004 were actual performance relative to budgeted earnings and sales growth, asset management and cash flow improvements, and organizational development.

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