7 of 20
7. William Weldon: $22.8 million
William Weldon: $22.8 million
Company: Johnson & Johnson
Cash compensation: $14.8 million
Stock and options: $8 million

Weldon's latest big paycheck came in a year when J&J posted its first annual sales decline in 76 years and set plans to cut as many as 8,000 jobs to rein in costs. The board rewarded Weldon, who has taken down $88 million over three years by the company's count, with a raise on account of -- among other things -- the "difficult personnel decisions" he had to make.

Source: Equilar Inc.

NEXT: Miles White: $21.9 million
Last updated April 06 2010: 4:17 PM ET
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Note: Total compensation includes actual salary received, discretionary and performance-based bonus payouts, the grant-date fair value of new stock and option awards and other compensation. If relevant, other compensation includes severance payments. Equilar, an executive compensation research firm, looked at 200 CEOs at the 199 largest companies (Motorola has co-CEOs) that filed their 2009 proxies as of March 26, 2010. All companies have revenue greater than $5.7 Billion. The list includes companies with fiscal year-ends spanning from May 31, 2009 to January 31, 2010.
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