Stryker CEO got pay package valued at $2.1M

NEW YORK (AP) — Stephen MacMillan, the president and chief executive of Stryker Corp., received a compensation package worth $2.1 million in 2008, down 7 percent from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing made late Wednesday.

MacMillan’s salary rose 26 percent, to $1.2 million from $950,000, and the value of his other compensation, which included a physical, country club fees and travel on the company aircraft, increased 29 percent, to approximately $300,800 from $223,100. His performance-based cash bonus fell to $617,300 from $1.1 million, a decline of 44 percent.

In 2007, MacMillan’s pay package was valued at $2.3 million, according to a calculation by The Associated Press. MacMillan has been president and CEO of Stryker since January 2005


Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button