2. Ray Elliott: $33.4 million
Company: Boston Scientific
Cash compensation: $4 million
Stock and options: $29.4 million
The medical supplies company CEO had a base salary of just under $600,000 -- the lowest on the list -- after taking the company's reins in July. But he still managed to place second on this list by taking home $14.2 million in stock awards and $15.2 million in stock options.
Boston Scientific returned to profitability in the third quarter last year, but still managed to lose $1 billion over the course of the year. In October, the company slashed its outlook, expecting demand for its products to erode in 2010. The company's stock trailed its competitors' but still managed to rise 14%, despite its disappointing forecast and financials.
Source: Equilar Inc.
NEXT: Ray Irani: $31.4 million
Last updated April 06 2010: 4:17 PM ET
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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