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Johnson & Johnson CEO Gorsky to step down, become executive chairman

Johnson & Johnson CEO Gorsky to step down, become executive chairman
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J&J investor calls on shareholders to reject CEO Gorsky s pay

The Office of the Illinois State Treasurer is calling on Johnson & Johnson shareholders to reject Chief Executive Alex Gorsky's $29.6 million pay package because it shields him from the U.S. healthcare company's opioid litigation costs.

J&J investor calls on shareholders to reject CEO Gorsky s pay - Netscape Money & Business

J&J investor calls on shareholders to reject CEO Gorsky s pay By Jessica DiNapoli Reuters (Reuters) - The Office of the Illinois State Treasurer is calling on Johnson & Johnson shareholders to reject Chief Executive Alex Gorsky s $29.6 million pay package because it shields him from the U.S. healthcare company s opioid litigation costs. J&J is attracting investor scrutiny because it excluded from its calculation of stock awards to its top executives some $9 billion in costs related to lawsuits claiming it helped fuel the U.S. opioid crisis and that traces of asbestos in its talc baby powder caused cancer, Reuters reported last month.

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