2014 pay: $12.4 million
2015 pay: $13.2 million
2015 was a big year for Cardinal Health, and with CEO George Barrett at the helm, the company made some big moves. In early 2015, Cardinal said it would buy Johnson & Johnson’s ($JNJ) Cordis vascular device unit to build out its med tech offerings.
The deal handed Cardinal Health diagnostic and interventional devices such as catheters, balloons, stents, wires and vascular closure. Cardinal Health agreed to pay $1.9 billion in cash to get its hands on the portfolio.
The acquisition was a “really major move” for Cardinal Health and a “huge step forward in our strategy around the cardiovascular world,” Barrett said last year. The company wants to grow in medical devices, including areas where there’s an established product line and Cardinal Health can “add value, help standardization and improve outcomes,” he said.
Barrett’s 2015 pay included $1.3 million in base pay, $5.9 million in stock awards, $3.3 million in options and $2.5 million in non-equity incentives.
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