Abbott Laboratories CEO Robert Ford's 2020 pay jumps 72% to $20M
Abbott Laboratories reports 2020 executive compensation
By ExecPay News
Published: March 12, 2021
Abbott Laboratories reported fiscal year 2020 executive compensation information on March 12, 2021.
In 2020, seven executives at Abbott Laboratories received on average a compensation package of $11M, a 9% decrease compared to previous year.
Average pay of disclosed executives at Abbott Laboratories
Robert B. Ford, Chief Executive Officer, received $20M in total, which increased by 72% compared to 2019. 28% of Ford's compensation, or $5.6M, was in option awards. Ford also received $4.2M of change in pension value and nonqualified deferred compensation earnings, $3.7M in non-equity incentive plan, $1.3M in salary, $5.6M in stock awards, as well as $78K in other compensation.
For fiscal year 2020, the median employee pay was $77,594 at Abbott Laboratories. Therefore, the ratio of Robert B. Ford's pay to the median employee pay was 264 to one.
Miles D. White, Chairman, received a compensation package of $20M, which decreased by 29% compared to previous year. 30% of the compensation package, or $6M, was in option awards.
Robert E. Funck, Jr, Chief Financial Officer, earned $9.8M in 2020.
Hubert L. Allen, General Counsel, received $8.5M in 2020, which increases by 13% compared to 2019.
John F. Ginascol, Executive Vice President, Core Diagnostics, earned $6.8M in 2020.
Daniel G. Salvadori, Executive Vice President, Nutritional Products, received $6M in 2020, which decreases by 12% compared to 2019.
Brian B. Yoor, Chief Financial Officer, earned $3.5M in 2020, a 61% decrease compared to previous year.
Related executives
Robert Ford
Abbott Laboratories
Chief Executive Officer
Robert Funck
Abbott Laboratories
Chief Financial Officer
Hubert Allen
Abbott Laboratories
General Counsel
John Ginascol
Abbott Laboratories
Executive Vice President, Core Diagnostics
Daniel Salvadori
Abbott Laboratories
Executive Vice President, Nutritional Products
Miles White
Abbott Laboratories
Chairman
Brian Yoor
Abbott Laboratories
Chief Financial Officer
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Source: SEC filing on March 12, 2021.