JNJ won't give bonuses; get ready for life after Lipitor

Discussion in 'Pfizer' started by Anonymous, Jan 18, 2011 at 7:14 PM.

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  1. Anonymous

    Anonymous Guest

    Johnson & Johnson won't give eligible employees their full bonuses for 2010, citing hits to the company's reputation and the "mixed performance" for the year.

    In an email sent to employees throughout the health-care giant last week, J&J's senior executives said those eligible for performance bonuses would get paid 90% of the recommended sum. About half of the company's 114,000 employees world-wide will be affected, according to company spokeswoman Carol Goodrich.

    J&J had awarded its staff 100% or more of their bonuses the past two years, Ms. Goodrich said. Before then, she said, the company's individual businesses controlled bonus payments ...