William C. Weldon is notable for his long career at Johnson & Johnson, having started in 1971 and eventually becoming the CEO and Chairman from 2002 to 2012. Under his leadership, J&J emphasized a compensation strategy that linked executive pay...

Current Market Cap

$368.22B

Number of Employees

134.4K

Total Compensation

2008 - 2012

Trending up by 129.25% last year
Showing total compensation for the last 2008 - 2012

Stock

Up by 0.00% last year

Salary

Down by -30.76% last year

Bonus

Down by -100.00% last year

Other

Up by 911.98% last year

Year

2012

Total Compensation

$12.14M

Salary

$1.32M

Board Justification

The compensation philosophy emphasizes aligning executive pay with company performance, ensuring competitive compensation to attract and retain talent, and maintaining a balance between short-term and long-term incentives.

Bonus

$0.00

Board Justification

The annual performance bonus paid to Mr. Weldon for 2012 performance was calculated on a pro rata basis due to his transition from CEO to Chairman, with a 10% reduction applied for overall company performance.

Other

$3.25M

Board Justification

This includes contributions to retirement plans and other benefits that were paid out in 2012.

Restricted Stock

$7.57M(7.57M RSU)

Board Justification

The stock awards that vested in 2012 include Performance Share Units (PSUs) and Restricted Share Units (RSUs) based on performance metrics achieved during the year.

Performance Metrics

The performance metrics for determining Mr. Weldon's compensation included sales growth, net income growth, earnings per share growth, and total shareholder return.

SEC Filing

From March 13, 2013

William C. Weldon

Ex-CEO of Johnson & Johnson

WC

Education

Bachelor's degree in Biology from Quinnipiac University.

Field of Expertise

Business & Management

Born

March 26, 1948 - 76 years ago

Is Founder?

No

Tenure

10 years 0 months (Apr 2002 - Apr 2012)

Previous Experience

Joined Johnson & Johnson in 1971, held various positions including Vice President of Sales and Marketing for the company's IOLAB Corporation and President of Ethicon Endo-Surgery.

View Holdings

Insider Holdings of William C. Weldon

JNJ

$59.29M

-$31.31M (-34.56%)

Last Insider Trade

XOM

2,500 shares

XOM

Jan 4, 2021

Received