The cost saving is mostly is the idea from the lieutenants who can claim credit.The fact is it is a small drop in spending compares with the whole corporation budget for spending on the internal meetings each year. Good luck with the free coffee.
Good for you. But there is also another more interesting stat on JNJ stock price. Within the 15 years in your quote, there is a 10 year period April 02 to April 12, the stock moved up less than 30%. That was under the leadership of Weldon - the worst JNJ chairman who received the most retirement compensation that was over $140MM.