February 10, 2006
Guidant CEO to Receive $1.5Million Bonus. . . For What?
Posted at February 10, 2006 5:52 AM in Defective Medical Devices
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Guidant's chief executive will receive a $1.5 million bonus after the acquisition by Boston Scientific is complete, according to documents filed with the U.S. Securities and Exchange Commission.
Since June, Guidant has recalled or issued safety advisories on about 88,000 defibrillators and more than 200,000 pacemakers. At least seven deaths have been linked to the faulty devices.
I guess that qualifies for an outrageous bonus!
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