Advertisement

Medtronic CEO Omar Ishrak's 1st-year take-home tops $25 million in salary, stock and bonuses that made up for benefits he gave up to take the job.

MASSDEVICE ON CALL —Medtronic (NYSE:MDT) CEO Omar Ishrak's first year on the job netted him more than $25 million in salary, stock and bonuses that helped make up for the benefits he forfeited in order to take the jobs.

Ishrak surrendered $16 million in stock-based pay when he left his role as CEO of GE Healthcare (NYSE:GE) in June 2011.

Ishrak received $1.2 million in salary in the fiscal year ended in April 2012, as well as nearly $1 million in non-equity incentive plan compensation.

He also landed nearly $5 million in stock and option awards and about $97,000 in "other" compensation, as well as $1.6 million in bonuses, $9.5 million in time-based stock awards and $6.8 million in performance-based stock awards, according to an SEC filing.

Advertisement
Advertisement