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