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Johnson & Johnson Message Board

  • sjjpharm sjjpharm Mar 25, 2013 5:03 PM Flag

    Weldon Compensation

    Can not believe JNJ gave Weldon over $3M in 2012 for his service. This guy already has over 3M shares option who was not able to move the stock by $1 during his 10 years CEO tenure.
    Weldon selected C Prince to be director and put him in charge of compensation committee. What a selection! For people who do not know Mr. C Prince, please ask any Citi shareholder in 2005 era. He was able to lost billion $ for Citi shareholder.So waste a couple M$ is easy for him. Do not vote him for the director again this year.

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    • Weldon was a total disaster. Packing the board with his incompetent cronies and overpaying for cash acquisitions to keep the cash balance low enough to ward off a takeover. His retirement package should have consisted of a swift boot in the rear.

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