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Boston Scientific CEO Kucheman's 2011 Total Pay Rose 47% To $4.7 Million

By Anjali Athavaley Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Boston Scientific Corp. (BSX) Chief Executive William H. Kucheman's total pay jumped 47% to $4.7 million last year after he was named interim head of the Natick, Mass., medical-device maker. President Michael F. Mahoney, Kucheman's eventual replacement, received total compensation valued at $11.7 million last year, according to a filing Thursday with the Securities & Exchange Commission. Last fall, the company named Mahoney, previously the world-wide chairman of rival Johnson & Johnson's (JNJ) medical device and diagnostics group, as its new CEO in a complicated arrangement. Under the plan, Mahoney joined Boston Scientific as president in October and is expected to become CEO Nov. 1 this year. Kucheman, formerly president of the company's cardiology, rhythm and vascular group, is serving as interim CEO until then. Boston Scientific said in a regulatory filing last fall Mahoney would get an annual salary of $900,000 plus a sign-on bonus of $1.5 million and an additional bonus of $750,000 to be paid within 30 days following his promotion to president and CEO. He also would receive $9.5 million in deferred stock. As interim CEO, Kucheman would receive an annual salary of $900,000, the company has said. Shares were unchanged after-hours after closing up 3.5% at $5.93 Thursday. -By Anjali Athavaley, Dow Jones Newswires; 212-416-4912; anjali.athavaley@dowjones.com

Stock News for Boston Scientific (BSX)
DateTimeHeadline
06/28/201616:18:02Annual Report of Employee Stock Plans (11-k)
06/14/201608:30:00National Institute for Health and Care Excellence Provides Positive...
06/09/201606:02:44Current Report Filing (8-k)
06/08/201619:30:00Boston Scientific to Restructure Operations
06/08/201618:30:00Boston Scientific Announces Restructuring Program to Support...
06/03/201608:00:09Statement of Changes in Beneficial Ownership (4)
06/03/201607:59:42Statement of Changes in Beneficial Ownership (4)
06/03/201607:58:47Statement of Changes in Beneficial Ownership (4)
05/26/201616:14:43Specialized Disclosure Report (sd)
05/26/201616:13:54Statement of Changes in Beneficial Ownership (4)
05/26/201608:30:00Boston Scientific To Participate In Goldman Sachs 2016 Healthcare...
05/24/201621:10:00Washington, California Sue Johnson & Johnson Over Vaginal Mesh...
05/24/201608:30:00Boston Scientific to Participate in Jefferies 2016 Healthcare...
05/19/201608:30:00Boston Scientific Receives U.S. FDA Approval for Precision Montage™ M...
05/18/201616:08:54Statement of Changes in Beneficial Ownership (4)
05/13/201606:30:00Boston Scientific Announces Schedule of Presentations at EuroPCR...
05/12/201616:15:42Statement of Changes in Beneficial Ownership (4)
05/12/201616:14:51Statement of Changes in Beneficial Ownership (4)
05/09/201617:09:34Statement of Changes in Beneficial Ownership (4)
05/06/201617:38:00Boston Scientific Announces Positive Long-Term Outcomes For S-ICD...

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