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J&J CEO Got $23 Million In Compensation For 2008

Stock quotes in this article: MNT  

By LINDA A. JOHNSON

TRENTON, N.J. (AP) — Johnson & Johnson's chairman and chief executive received compensation valued at $23.03 million in 2008, an 8.2 percent decrease in a year when the health care company posted better results than many competitors and net income and revenue rose.

William C. Weldon, who has held his posts since 2002, received compensation totaling $25.1 million in 2007.

In 2008, he received a base salary of $1.79 million, according to a proxy statement filed Wednesday with the Securities and Exchange Commission. ...

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