Medtronic, Inc. (MDT)'s Ishrak Lands $25 Million in Salary, Benefits in 1st Year

7/2/2012 8:04:23 AM

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.

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