https://www.medicaldesignandoutsourcing.com/medtronic-ceo-pay-median-employee-mip-changes/
As reported to the streets
10 replies (most recent on top)
Of course the executives gave themselves bigger pay for laying off people and using cheesy corporate lingo.
@2jlg+1o6v6PTP Means he has received 85K Performance RSUs and has 240K stock options at a $87 strike price. Yep, "macro" headwinds so bad that MDT has to do layoffs but good enough for Mr. Martha to receive 6.8M in RSUs and extremely valuable options (another ~mid single digits value of options).
Anyone understand sec filing forms?
https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=317658344&type=HTML&symbol=MDT&cdn=6b9b9b7ca39f76adf214624e73bd0955&companyName=Medtronic+plc.&formType=4&dateFiled=2023-08-02
What a joke
Love how the market share metric has been stripped out of this moving forward. That was Geoff’s big measure of “competing to win”. The second it cost him a dime it gets stripped out of the equation. What a clown.
They forgot to mention personal script writing and teleprompter services for Geoff. Likely in excess of $500k/yr. Pathetic for someone at his/her/them level.
Does it say how much?
Thank goodness no financial accountability for quality.
Well, at least they’ve changed the MIP so poor performance or market share won’t disqualify Senior Execs now. That should fix it all.
I have been in meetings with some of these executives. $5M? $6? a year for them? for what they have done? We really need a new higher caliber of leaders for this company.