MDDI_Medical Device & Diagnostic Industry

MDDI, June 2014

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50 | JUNE 2014 mddionline.com Infographic Medtech Executive Compensation The wage gap between top executives and their employees has always been a source of ire for workers. But following the recent financial crisis, income disparity between the so-called 1% and everybody else has been thrust into the spotlight. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act included a requirement that public companies disclose the ratio of CEO pay to median employee pay, although the Securities and Exchange Commission has yet to implement that provision. More recently, two California state senators introduced a bill to link companies' tax rates with their CEO-to-average-worker pay ratios. Last year, chief execs at S&P 500 companies earned 331 times more than the average worker, according to the AFL-CIO. Here's a look at the breakdown between CEO and average employee compensation in medtech. Source: U.S. Bureau of Labor Statistics Hours Medtech Employees Must Work to Earn One Hour of a CEO's Pay Engineer Life Scientist Sales Rep Production Worker Average Medtech Employee (all positions) Ratio of CEO Pay to Pay for All Medtech Occupations $215,440 $ Average Salary 4:1 Medtech CEO $51,520 All Medtech Occupations 3.0 2.5 2.5 4.0 6.0 ES451571_MD1406_050.pgs 06.04.2014 05:23 UBM black yellow magenta cyan

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