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...

Current Market Cap

$148.07B

Number of Employees

52K

Total Compensation

2003 - 2004

Trending up by 58.18% last year
Showing total compensation for the last 2003 - 2004

Stock

Up by 0.00% last year

Salary

Up by 5.41% last year

Bonus

Up by 100.00% last year

Other

Up by 0.00% last year

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.

SEC Filing

From March 17, 2005

John W. Brown

Ex-CEO of Stryker

JW

Education

Bachelor's degree in Industrial Engineering from Auburn University.

Field of Expertise

Technology & Engineering - Engineering

Born

June 1, 1934 - 90 years ago

Is Founder?

No

Tenure

1 year 11 months (Jan 2003 - Dec 2004)

Previous Experience

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