Sundar PichaiSundar Pichai earned $164M in 2023
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William A. Hawkins, III

Ex-CEO of Medtronic

Economy Sector

Healthcare

Tenure

3 years 8 months (Aug 2007 - Apr 2011)

Previous Experience

Unknown

William A. Hawkins, III is known for leading Medtronic, a top player in the medical device industry, as CEO from 2007 to 2011. He faced tough times, including changes in the market, but managed to steer the company through these...

Year

2011

Total Compensation

$6.23M

Salary

$1.25M

Board Justification

The compensation philosophy is designed to attract, motivate, and retain top talent, emphasizing performance-based compensation that aligns with shareholder interests.

Bonus

$913.85K

Board Justification

The bonus represents the annual performance-based incentive plan compensation earned during fiscal year 2011, based on the company's performance metrics.

Other

$4.07M

Board Justification

Other compensation includes a lump sum cash severance payment and the value of continued health and dental benefits for 24 months, as part of his separation agreement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted or vested in 2011 as Mr. Hawkins did not receive any new long-term incentive compensation grants during the transition period after stepping down as CEO.

Performance Metrics

The performance metrics for the bonus included growth in diluted earnings per share, revenue growth, and cash flow.