Stryker Chairman, President and CEO Kevin Lobo was paid more than $14 million in 2017, three times what the company paid its second highest compensated executive and 209 times what its median employee made.
Here are five insights.
1. The annual total compensation of the company's median employee was $66,901 in 2017.
2. Stryker had approximately 32,400 global employees as of Oct. 1, 2017, not including about 300 individuals related to the Novadaq Technologies acquisition in September 2017. This number was used to calculate the total compensation of the median employee in 2017. Compensation values were converted to U.S. dollars using the exchange rates in effect Sept. 30, 2017.
3. Companies began publishing their CEO pay ratio in 2018 as required by the Dodd-Frank Act of 2010. Ratios can be calculated using a variety of methodologies and are estimates based on a company's "good faith efforts to reasonably calculate it," meaning ratios may not be comparable across companies, Stryker's SEC filing states.
4. The second highest paid Stryker executive was Timothy Scannell, the group president of MedSurg and Neurotechnology, who took home about $4.7 million in 2017.
5. Glenn Boehnlein, who became vice president and CFO in April 2016, made roughly $3.1 million in 2017. His salary included a $10,962 payout for unused vacation days.