Boston Scientific CEO Michael Mahoney's 2020 pay slips 13% to $14M
Boston Scientific reports 2020 executive compensation
By ExecPay News
Published: March 24, 2021
Boston Scientific reported fiscal year 2020 executive compensation information on March 24, 2021.
In 2020, five executives at Boston Scientific received on average a compensation package of $5.7M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Boston Scientific
Michael F. Mahoney, Chief Executive Officer, received $14M in total, which decreased by 13% compared to 2019. 61% of Mahoney's compensation, or $8.4M, was in stock awards. Mahoney also received $400K of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $2.7M in option awards, $667K in salary, as well as $77K in other compensation.
For fiscal year 2020, the median employee pay was $59,332 at Boston Scientific. Therefore, the ratio of Michael F. Mahoney's pay to the median employee pay was 232 to one.
Joseph M. Fitzgerald, Executive Vice President and President, Interventional Cardiology, received a compensation package of $4.6M, which increased by 14% compared to previous year. 41% of the compensation package, or $1.9M, was in stock awards.
Daniel J. Brennan, Chief Financial Officer, earned $3.7M in 2020, a 9% decrease compared to previous year.
Edward F. Mackey, Executive Vice President, Operations, received $3.6M in 2020, which increases by 13% compared to 2019.
Jeffrey B. Mirviss, Executive Vice President and President, Peripheral Interventions, earned $3M in 2020.
Related executives
Michael Mahoney
Boston Scientific
Chief Executive Officer
Daniel Brennan
Boston Scientific
Chief Financial Officer
Joseph Fitzgerald
Boston Scientific
Executive Vice President and Group President, Cardiology
Edward Mackey
Boston Scientific
Executive Vice President, Operations
Jeffrey Mirviss
Boston Scientific
Executive Vice President and President, Peripheral
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Source: SEC filing on March 24, 2021.