Boston Scientific CEO Michael Mahoney's 2019 pay rises 13% to $16M
Boston Scientific reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
Boston Scientific reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, five executives at Boston Scientific received on average a compensation package of $6.1M, a 12% increase compared to previous year.
Average pay of disclosed executives at Boston Scientific
Michael F. Mahoney, Chief Executive Officer, received $16M in total, which increased by 13% compared to 2018. 58% of Mahoney's compensation, or $9.1M, was in stock awards. Mahoney also received $409K of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $2.7M in option awards, $1.3M in salary, as well as $296K in other compensation.
For fiscal year 2019, the median employee pay was $65,630 at Boston Scientific. Therefore, the ratio of Michael F. Mahoney's pay to the median employee pay was 240 to one.
Daniel J. Brennan, Chief Financial Officer, received a compensation package of $4M, which increased by 10% compared to previous year. 49% of the compensation package, or $2M, was in stock awards.
Joseph M. Fitzgerald, Executive Vice President and President, Rhythm Management, earned $4M in 2019, which is about the same as previous year.
Kevin J. Ballinger, Executive Vice President and President, Interventional Cardiology, received $3.4M in 2019, which increases by 19% compared to 2018.
Edward F. Mackey, Executive Vice President, Operations, earned $3.2M in 2019.
Related executives
Michael Mahoney
Boston Scientific
Chief Executive Officer
Daniel Brennan
Boston Scientific
Chief Financial Officer
Kevin Ballinger
Boston Scientific
Executive Vice President and President, Interventional Cardiology
Joseph Fitzgerald
Boston Scientific
Executive Vice President and Group President, Cardiology
Edward Mackey
Boston Scientific
Executive Vice President, Operations
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Source: SEC filing on March 25, 2020.