15 'overpaid' CEOs in healthcare

As You Sow has issued its 10th report on "overpaid" CEOs among the S&P 500, naming 15 executives with an interest in healthcare. 

The nonprofit shareholder advocacy group has issued the report each year since 2015; this latest edition builds on February's report with new compensation data, according to a Nov. 15 news release. As You Sow completes three analyses, then combines them into a single weighted ranking — excess pay, calculated by comparing CEO pay to total shareholder return (40% weight); the percentage of shares that voted against the CEO pay package (40% weight); and the ratio of CEO pay to the median employees' pay (20% weight). 

Grant date pay is used in the report, which values stock granted to a CEO as part of pay at its market price at the time the grant is awarded or announced. 

Two healthcare CEOs have fallen off the list since the February edition: Alex Gorsky of Johnson & Johnson and Marc Miller of Universal Health Services. 

Here are the 15 CEOs of healthcare companies or companies with a specific interest in healthcare who made As You Sow's list, ranked by their position on the top 100: 

Safra Catz (Oracle) 

Pay: $138.19 million

CEO-to-worker pay ratio: 1,842:1

Shareholder votes against CEO pay: 66%

Excess pay: $122.5 million

Rank on As You Sow's top 100: No. 2

C. Douglas McMillon (Walmart) 

Pay: $25.31 million

CEO-to-worker pay ratio: 933:1

Shareholder votes against CEO pay: 46% 

Excess pay: $10.02 million

Rank on As You Sow's top 100: No. 19 

Ari Bousbib (IQVIA Holdings) 

Pay: $30.14 million

CEO-to-worker pay ratio: 293:1

Shareholder votes against CEO pay: 15%

Excess pay: $14.7 million 

Rank on As You Sow's top 100: No. 30

Marc Casper (Thermo Fisher Scientific) 

Pay: $28.21 million

CEO-to-worker pay ratio: 363:1

Shareholder votes against CEO pay: 10% 

Excess pay: $12.64 million

Rank on As You Sow's top 100: No. 39

Joseph Hogan (Align Technology) 

Pay: $18.68 million

CEO-to-worker pay ratio: 1,026:1 

Shareholder votes against CEO pay: 16%

Excess pay: $4.04 million

Rank on As You Sow's top 100: No. 43 

Christopher Viehbacher (Biogen) 

Pay: $30.49 million

CEO-to-worker pay ratio: 182:1 

Shareholder votes against CEO pay: 19% 

Excess pay: $15.89 million

Rank on As You Sow's top 100: No. 45

Karen Lynch (CVS Health) 

Pay: $21.32 million

CEO-to-worker pay ratio: 380:1

Shareholder votes against CEO pay: 12%

Excess pay: $6.5 million

Rank on As You Sow's top 100: No. 46

Rosalind Brewer (Walgreens Boots Alliance) 

Pay: $17.29 million

CEO-to-worker pay ratio: 705:1 

Shareholder votes against CEO pay: 13% 

Excess pay: $3.08 million

Rank on As You Sow's top 100: No. 56  

Charles Robbins (Cisco Systems) 

Pay: $29.28 million

CEO-to-worker pay ratio: 249:1 

Shareholder votes against CEO pay: 7% 

Excess pay: $14.36 million

Rank on As You Sow's top 100: No. 64

Ajei Gopal (Ansys) 

Pay: $21.87 million

CEO-to-worker pay ratio: 187:1

Shareholder votes against CEO pay: 11%

Excess pay: $6.62 million

Rank on As You Sow's top 100: No. 78

Joseph Zubretsky (Molina Healthcare) 

Pay: $22.13 million

CEO-to-worker pay ratio: 293:1

Shareholder votes against CEO pay: 7% 

Excess pay: $6.34 million

Rank on As You Sow's top 100: No. 80

David Cordani (Cigna)  

Pay: $20.97 million

CEO-to-worker pay ratio: 277:1 

Shareholder votes against CEO pay: 7% 

Excess pay: $5.82 million

Rank on As You Sow's top 100: No. 81

Robert Ford  (Abbott Laboratories) 

Pay: $21.72 million

CEO-to-worker pay ratio: 214:1 

Shareholder votes against CEO pay: 7% 

Excess pay: $6.46 million

Rank on As You Sow's top 100: No. 88

Richard Gonzalez (AbbVie) 

Pay: $26.29 million

CEO-to-worker pay ratio: 224:1

Shareholder votes against CEO pay: 5%

Excess pay: $11.14 million

Rank on As You Sow's top 100: No. 93

Michael Goettler (Viatris) 

Pay: $14.67 million

CEO-to-worker pay ratio: 398:1

Shareholder votes against CEO pay: 9% 

Excess pay: $1.04 million

Rank on As You Sow's top 100: No. 95

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars