Investors should reject J&J CEO pay package, proxy adviser Glass Lewis says

J&J is attracting investor scrutiny because it excluded from its calculation of stock awards to its top executives costs related to lawsuits claiming that the healthcare company helped fuel the nation’s opioid crisis and that traces of asbestos in its talc baby powder caused cancer, Reuters reported on Monday.

J&J said it has always set aside certain one-time costs such as litigation from calculating stock awards for executives, an approach that is common across corporate America. J&J and Gorsky did not respond to requests for comment on the Glass Lewis report, dated March 31. “In our opinion, the adjustments related to well-documented legal actions essentially shield executives’ compensation from the detrimental impact of their decisions for the company,” Glass Lewis said.

The company has denied any part in fueling the crisis. J&J is one of three companies with COVID-19 vaccines authorized for use in the United States, although it has run into some early manufacturing stumbles.

So didn't trump give j&j $1B to develop the vaccine ? If so the ceo is padding his pocket with our tax dollars and not from profits and sales. Scam, criminal and shameful. But should not be surprised...look at their baby powder scandal

CEO pay is riiiiiidiculous! It's based on comparisons with other CEO packages, like these people are athletes. It's time to end this malicious practice!

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