Miles D. White took on leadership at Abbott Laboratories, starting as CEO in 2009, then transitioning to Executive Chairman in 2020. He played a significant role in Abbott's aggressive growth strategy, enabling the company to thrive in the competitive healthcare...

Miles D. White took on leadership at Abbott Laboratories, starting as CEO in 2009, then transitioning to Executive Chairman in 2020. He played a significant role in Abbott's aggressive growth strategy, enabling the company to thrive in the competitive healthcare space. By 2020, he personally held about 3.1 million shares, showing his strong belief in the company's future. His total compensation in 2019 reached around $24.7 million, indicating a structure that links pay directly to performance metrics like sales and profitability. Notably, he earned a notable $19.4 million in 2020 after only three months as CEO, which included a performance-based bonus. He also made headlines by stepping down in 2021, after decades with the company, starting in 1984. With a background in economics from Stanford, his experience spans various high-level roles within Abbott, shaping his perspective on both business risks and opportunities. Essentially, White's tenure reflects a blend of personal investment and strategic shifts that align closely with shareholder interests.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Abbott CEOs

A

Miles D. White

Ex-CEO of Abbott

Education

Bachelor's degree in economics from Stanford University

Field of Expertise

Business & Management

Sector of Economy

Healthcare

Born

August 6, 1954 - 70 years ago

CEO of Abbott for

21 years 2 months (Jan 1999 - Mar 2020)

Previous Experience

Joined Abbott in 1984, served in various roles including Senior Vice President of Diagnostic Operations.

Rivals

Competitors/colleagues of Miles D. White

D

Kevin Sayer

CEO of DexCom

2023 Compensation

Stock

$13.51M

Salary

$1.09M

Bonus

$1.99M

Other

$143.54K

Total Holdings

$26.30M

I

Joseph W. Dziedzic

CEO of Integer Holdings

2022 Compensation

Stock

$0.00

Salary

$1.23M

Bonus

$0.00

Other

$97.75K

Total Holdings

$34.74M

J

Joaquin Duato

CEO of Johnson & Johnson

2023 Compensation

Stock

$0.00

Salary

$1.58M

Bonus

$3.65M

Other

$241.99K

Total Holdings

$61.93M

M

Geoffrey S. Martha

CEO of Medtronic

2023 Compensation

Stock

$0.00

Salary

$1.35M

Bonus

$1.91M

Other

$305.50K

Total Holdings

$17.05M

T

Elon Musk

Founder and CEO of Tesla, Inc.

2023 Compensation

Stock

$1.86M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$92.56B

D

Terry Gregg

CEO of DexCom

2023 Compensation

Stock

$12.49M

Salary

$1.09M

Bonus

$1.99M

Other

$143.54K

Total Holdings

$142.54M

Holdings

See how much did Miles D. White make over time.

Miles D. White holds around 3.1 million shares in Abbott Laboratories, demonstrating his strong belief in the company's long-term success. Between 2019 and 2020, there were visible fluctuations in his holdings, with total wealth reaching nearly $25 million early on....

Miles D. White holds around 3.1 million shares in Abbott Laboratories, demonstrating his strong belief in the company's long-term success. Between 2019 and 2020, there were visible fluctuations in his holdings, with total wealth reaching nearly $25 million early on. By 2020, his holdings were valued around $19.4 million at the time of his compensation. This indicates both confidence and significant investments in the company he led for over a decade. His share ownership illustrates a strategic alignment with Abbott’s goals and the potential for future growth, especially given his history of insider trading that suggests proactive management of his investments. White's approach highlights the essence of risk and reward in corporate leadership.

Total Stock Sold

$188.19M

ABT

$188.19M

4,009,987 ABT shares

What if they kept their stock?

If Miles D. White didn't sell their stock, today they would have:
Extra ABT4,009,987 shares worth $344.26M.
This is 82.93% and $156.06M more than what they got when they sold the stock.

Charitable Transactions

ABT

343,423 shares

ABT

Recent Charitable Transactions

ABT

11,093 shares

ABT

Nov 10, 2021

Charity

ABT

1,250 shares

ABT

Aug 6, 2021

Charity

ABT

2,000 shares

ABT

Feb 19, 2021

Charity

ABT

74,796 shares

ABT

Dec 3, 2020

Charity

ABT

1,100 shares

ABT

Jun 4, 2020

Charity

ABT

14,201 shares

ABT

Dec 12, 2019

Charity

Insider Trading

See recent insider trades of Miles D. White.

ABT

11,093 shares

ABT

Nov 10, 2021

Charity

ABT

1,250 shares

ABT

Aug 6, 2021

Charity

CAT

683 shares

CAT

Mar 1, 2021

Received

ABT

44,340 shares

ABT

Feb 19, 2021

Received

ABT

2,000 shares

ABT

Feb 19, 2021

Charity

ABT

74,796 shares

ABT

Dec 3, 2020

Charity

ABT

1,100 shares

ABT

Jun 4, 2020

Charity

CAT

1,176 shares

CAT

Mar 2, 2020

Received

ABT

68,399 shares

ABT

Feb 21, 2020

Received

ABT

14,201 shares

ABT

Dec 12, 2019

Charity

Compensation History

See how much did Miles D. White make over time.

Miles D. White's compensation package tells a story of aligning incentives with Abbott's performance. For 2020, he earned about $19.4 million, which was significantly tied to a performance-based bonus. This included a base salary of $1.9 million and various benefits that pointed to his success in driving company growth. In 2019, his total pay was $24.7 million, revealing the structure in place to reward executives based on specific financial metrics and company success. With a strategy focused on performance connection, White's pay reflected the health of Abbott during his leadership period. His ability to link his earnings to the company’s success has been a defining feature of his tenure at Abbott.

Year

2020

Total Compensation

$6.57M

Salary

$1.90M

Board Justification

Abbott's compensation program is market-based and produces outcomes that directly link to both Company and officer performance. The vast majority of compensation for executive officers is performance-based and objectively determined.

Bonus

$1.25M

Board Justification

Mr. White is eligible for a 2020 annual incentive plan payout for the 3 months he served as CEO. Based on Abbott and Mr. White's performance, the Committee awarded Mr. White a payout of 150% of his target.

Other

$3.42M

Board Justification

Includes various forms of compensation such as security costs, financial planning services, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2020 as he transitioned to Executive Chairman.

Performance Metrics

Performance metrics include adjusted sales, adjusted diluted EPS, and return on assets.

Other Abbott CEOs

Here are other CEOs of Abbott

Robert B. Ford

CEO of Abbott

March 2020 - Present