QUOTED. May 14, 2018. Omar Ishrak.
Company stock will make up the "vast majority" of Mike Weinstein's compensation for being Medtronic's new senior VP of strategy. CEO Omar Ishrak said Medtronic's evolving executive compensation policies are an element of the firm's efforts to improve value to shareholders. See what Ishrak said about it here.
"We have changed our executive compensation fairly deep in our organization to reflect the sense of urgency we have about creating free cash flow. Executive compensation does drive behavior, does drive priorities and clarifies those priorities. And Mike choosing to be paid largely in Medtronic stock is a big signal as to what we can do and the confidence we have with respect to shareholder value." –Omar Ishrak, CEO, Medtronic
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