Abbott Laboratories CEO Miles White's 2018 pay jumps 28% to $24M
Abbott Laboratories reports 2018 executive compensation
By ExecPay News
Published: March 13, 2020
Abbott Laboratories reported fiscal year 2018 executive compensation information on March 13, 2020.
In 2018, six executives at Abbott Laboratories received on average a compensation package of $10M, a 35% increase compared to previous year.
Average pay of disclosed executives at Abbott Laboratories
Miles D. White, Chief Executive Officer, received $24M in total, which increased by 28% compared to 2017. 31% of White's compensation, or $7.5M, was in option awards. White also received $1.4M of change in pension value and nonqualified deferred compensation earnings, $4.8M in non-equity incentive plan, $1.9M in salary, $7.5M in stock awards, as well as $1.2M in other compensation.
For fiscal year 2018, the median employee pay was $80,569 at Abbott Laboratories. Therefore, the ratio of Miles D. White's pay to the median employee pay was 301 to one.
Robert B. Ford, Chief Operating Officer, received a compensation package of $8.1M, which increased by 73% compared to previous year. 33% of the compensation package, or $2.7M, was in option awards.
Brian B. Yoor, Chief Financial Officer, earned $7.6M in 2018, a 68% increase compared to previous year.
Hubert L. Allen, General Counsel, received $7.3M in 2018, which increases by 50% compared to 2017.
Stephen R. Fussell, Executive Vice President, Human Resources, earned $6.8M in 2018.
Daniel G. Salvadori, Executive Vice President, Nutritional Products, received $6M in 2018, which increases by 46% compared to 2017.
Related executives
Daniel Salvadori
Abbott Laboratories
Executive Vice President, Nutritional Products
Miles White
Abbott Laboratories
Chairman
Brian Yoor
Abbott Laboratories
Chief Financial Officer
Hubert Allen
Abbott Laboratories
General Counsel
Robert Ford
Abbott Laboratories
Chief Executive Officer
Stephen Fussell
Abbott Laboratories
Executive Vice President, Human Resources
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Source: SEC filing on March 13, 2020.