The highest-paid medtech CEO on the list, Abbott's Miles D. White, makes about ten times more than the typical general and corporate manager in the medical device industry.

April 8, 2013

1 Min Read
Abbott, Baxter, and Boston Scientific Execs Make Highest-Paid CEOs List

The CEOs of three medical device companies have earned spots on the New York Times' list of the 100 highest-paid chief executive officers

At No. 23, Abbott Laboratories' Miles D. White squeaked into the top quarter of the list with $19.0 million in total compensation last year. Baxter International's Robert L. Parkinson Jr. came in at No. 40 with total compensation of $16.0 million. Rounding out the bottom if the list was Boston Scientific's Michael F. Mahoney, who earned $10.6 million in total compensation last year to place at No. 95.

Of the three medical device makers on the list, Baxter's Parkinson saw the highest increase in compensation (25%) and brought his company the highest total return. White led Abbott to the highest profit increase of the three medtech firms.

According to MD+DI's 2012 salary survey, median total compensation for general and corporate managers in the medtech industry is $190,300—about one-tenth of White's salary. 

Jamie Hartford is MD+DI's managing editor.

Medical Device Salary Survey 2012: More Work, Fewer Perks for Medtech Employees

Medtech Salary Survey 2012 Sneak Peek

Salary Survey 2012 - General and Corporate Management

Sign up for the QMED & MD+DI Daily newsletter.

You May Also Like