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J. Raymond Elliott was the CEO of Boston Scientific from 2009 to 2011. He came to Boston Scientific after leading Zimmer Holdings, where he gained valuable experience. When he joined Boston Scientific, he received a sign-on bonus of $1.5 million...

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J. Raymond Elliott

Ex-CEO of Boston Scientific

Education

Bachelor's degree from the University of Massachusetts Amherst

Field of Expertise

Healthcare & Life Sciences - Healthcare

Sector of Economy

Healthcare

Born

July 1, 1949 - 75 years ago

CEO of Boston Scientific for

2 years 5 months (Jul 2009 - Dec 2011)

Previous Experience

CEO of Zimmer Holdings

Holdings

See how much did J. Raymond Elliott make over time.

J. Raymond Elliott has a significant investment in Boston Scientific stock. At one point, his holdings peaked at over 600,000 shares, valued at more than $49 million by 2024. This level of investment shows his confidence in the company's future....

Mar 18, 2025

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did J. Raymond Elliott make over time.

During his time as CEO, J. Raymond Elliott's compensation varied each year based on performance. In 2011, he earned around $2.6 million, which included a salary, vested stock units, and other benefits. However, he did not receive any cash bonuses that year due to performance not meeting the required criteria. In 2010, his total compensation peaked at over $4.9 million, driven mainly by vested stock and stock options. His high compensation package at the start included a $1.5 million signing bonus when he joined Boston Scientific, and an annual base salary of $1.2 million. The focus was clearly on aligning his pay with the company’s performance to encourage success. Elliott's compensation strategy reflected a strong emphasis on long-term growth and accountability, which is increasingly common among top executives today.

Year

2011

Total Compensation

$2.77M

Salary

$1.13M

Board Justification

The compensation philosophy emphasizes competitive compensation opportunities aligned with company performance and individual contributions to support business strategy and long-term stockholder value.

Bonus

$0.00

Board Justification

No cash bonuses were paid to Mr. Elliott in 2011 as he did not meet the performance criteria for the year.

Other

$399.15K

Board Justification

Other compensation includes $153,444 for personal use of corporate aircraft, $20,833 for the Executive Allowance, and other benefits totaling $224,874.

Restricted Stock

$1.25M(166.67K DSUs)

Board Justification

166,667 shares of DSUs vested in 2011, which were granted in previous years and were fully vested upon retirement.

Performance Metrics

The performance metrics for 2011 included adjusted EPS, adjusted global net sales, and adjusted free cash flow.

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