Boston Scientific Management

Management criteria checks 3/4

Boston Scientific's CEO is Mike Mahoney, appointed in Oct 2011, has a tenure of 12.5 years. total yearly compensation is $18.72M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $140.18M. The average tenure of the management team and the board of directors is 7.8 years and 9 years respectively.

Key information

Mike Mahoney

Chief executive officer

US$18.7m

Total compensation

CEO salary percentage	7.5%
CEO tenure	12.5yrs
CEO ownership	0.1%
Management average tenure	7.8yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Mahoney's remuneration changed compared to Boston Scientific's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$19m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$861m
Mar 31 2023	n/a	n/a	US$846m
Dec 31 2022	US$17m	US$1m	US$642m
Sep 30 2022	n/a	n/a	US$596m
Jun 30 2022	n/a	n/a	US$828m
Mar 31 2022	n/a	n/a	US$754m
Dec 31 2021	US$16m	US$1m	US$985m
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$526m
Mar 31 2021	n/a	n/a	US$201m
Dec 31 2020	US$14m	US$667k	-US$115m
Sep 30 2020	n/a	n/a	US$4b
Jun 30 2020	n/a	n/a	US$4b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$16m	US$1m	US$5b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$14m	US$1m	US$2b
Sep 30 2018	n/a	n/a	US$670m
Jun 30 2018	n/a	n/a	US$521m
Mar 31 2018	n/a	n/a	US$112m
Dec 31 2017	US$13m	US$1m	US$104m

Compensation vs Market: Mike's total compensation ($USD18.72M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Mahoney (58 yo)

12.5yrs

Tenure

US$18,723,735

Compensation

Mr. Michael F. Mahoney, also known as Mike, has been Independent Director of CVS Health Corporation since November 01, 2023. He has been Chairman of Boston Scientific Corporation since May 3, 2016, and is...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Mahoney	Chairman	12.5yrs	US$18.72m	0.13% $ 140.2m
Daniel Brennan	Executive VP & CFO	10.3yrs	US$5.83m	0.018% $ 19.9m
Joseph Fitzgerald	Executive VP & Group President of Cardiology	14.2yrs	US$5.59m	0.013% $ 14.5m
Jeffrey Mirviss	Executive VP & President of Peripheral Interventions	11.3yrs	US$3.78m	0.0040% $ 4.2m
Arthur Crosswell Butcher	Executive VP and Group President of MedSurg & Asia Pacific	7.8yrs	US$4.27m	0.0023% $ 2.5m
David Roux	Independent Director	no data	US$340.00k	0.0050% $ 5.4m
John Sorenson	Executive Vice President of Global Operations	1.9yrs	no data	0.0034% $ 3.7m
Emily Woodworth	Senior VP	less than a year	no data	0.00026% $ 279.6k
Jodi Eddy	Senior VP and Chief Information & Digital Officer	8.3yrs	no data	no data
Jonathan Monson	Senior VP of Investor Relations	less than a year	no data	0.0026% $ 2.8m
Vance Brown	Senior VP	2.8yrs	no data	0.0022% $ 2.4m
Mary Moynihan	Senior VP of Market Access & Chief Marketing Officer	2.9yrs	no data	no data

7.8yrs

Average Tenure

56yo

Average Age

Experienced Management: 0HOY's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Mahoney	Chairman	11.4yrs	US$18.72m	0.13% $ 140.2m
David Roux	Independent Director	10.3yrs	US$340.00k	0.0050% $ 5.4m
Edward Ludwig	Lead Independent Director	10.1yrs	US$360.00k	0.0023% $ 2.5m
Ellen Zane	Independent Director	8yrs	US$335.00k	0.0031% $ 3.3m
Yoshiaki Fujimori	Independent Director	7.8yrs	US$320.00k	no data
David Wichmann	Independent Director	2.8yrs	US$338.75k	0.0025% $ 2.7m
Charles Dockendorff	Independent Director	9yrs	US$326.25k	0.0043% $ 4.7m
Nelda Connors	Independent Director	14.3yrs	US$340.22k	0.0024% $ 2.6m
John Sununu	Independent Director	15yrs	US$340.00k	0.0034% $ 3.6m
Jessica Mega	Independent Director	less than a year	US$233.23k	0.00022% $ 236.6k
Susan Morano	Independent Director	less than a year	US$233.23k	0.00014% $ 150.6k

9.0yrs

Average Tenure

63yo

Average Age

Experienced Board: 0HOY's board of directors are considered experienced (9 years average tenure).

Boston Scientific Management

Management criteria checks 3/4

Key information

Recent management updates

Boston Scientific Corporation, Annual General Meeting, May 02, 2024

Boston Scientific Corporation Announces Executive Changes, Effective March 1, 2024

Nelda J. Connors and David J. Roux Not to Stand for Re-Election as Members of the Board of Directors of Boston Scientific Corporation

Insider recently sold US$2.8m worth of stock

Insider recently sold US$583k worth of stock

Boston Scientific Corporation, Annual General Meeting, May 04, 2023

Recent updates

First quarter 2024 earnings released: EPS: US$0.34 (vs US$0.21 in 1Q 2023)

Boston Scientific Corporation Provides Earnings Guidance for the Second Quarter and Full Year of 2024

Boston Scientific Corporation to Report Q1, 2024 Results on Apr 24, 2024

New minor risk - Shareholder dilution

Boston Scientific Corporation, Annual General Meeting, May 02, 2024

Now 22% overvalued after recent price rise

Boston Scientific Corporation Announces Executive Changes, Effective March 1, 2024

Full year 2023 earnings released: EPS: US$1.08 (vs US$0.45 in FY 2022)

Boston Scientific Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2024

BBoston Scientific Corporation (NYSE:BSX) entered into a definitive agreement to acquire Axonics, Inc. (NasdaqGS:AXNX) from a group of shareholders for $3.6 billion.

Boston Scientific Corporation (NYSE:BSX) entered into a definitive agreement to acquire Axonics, Inc. (NasdaqGS:AXNX) for $3.7 billion.

Boston Scientific Corporation to Report Q4, 2023 Results on Jan 31, 2024

Boston Scientific Corporation Initiates AVANT GUARD Clinical Trial to Evaluate FARAPULSE™ Pulsed Field Ablation System as First-Line Treatment for Persistent Atrial Fibrillation

Nelda J. Connors and David J. Roux Not to Stand for Re-Election as Members of the Board of Directors of Boston Scientific Corporation

Boston Scientific Corporation (NYSE:BSX) completed the acquisition of Relievant Medsystems, Inc.

Boston Scientific Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023

Third quarter 2023 earnings released: EPS: US$0.34 (vs US$0.12 in 3Q 2022)

Boston Scientific Corporation Announces Positive 12-Month Results from the Pivotal AGENT IDE Clinical Trial of the AGENT™ Drug-Coated Balloon

Boston Scientific Corporation Provides Earnings Guidance for the Full Year 2023

Boston Scientific Corporation Announces FDA Approval for the Latest-Generation watchMAN FLX Pro Left Atrial Appendage Closure Device

Boston Scientific Corporation to Report Q3, 2023 Results on Oct 26, 2023

Boston Scientific Corporation Announces Positive 12-Month Results from the Pivotal Advanced Clinical Trial of the FARAPULSE™ Pulsed Field Ablation System

Boston Scientific Corporation Receives FDA Approval for the POLARx™ Cryoablation System

New minor risk - Shareholder dilution

Boston Scientific Corporation (NYSE:BSX) agreed to acquire EV Business and B Braun of Aesculap AG for €47 million.

Second quarter 2023 earnings released: EPS: US$0.18 (vs US$0.17 in 2Q 2022)

Boston Scientific Corporation to Report Q2, 2023 Results on Jul 27, 2023

Boston Scientific Corporation (NYSE:BSX) completed the acquisition of an additional stake in M.I.TECH Co.,Ltd (KOSDAQ:A179290) from Synergy Innovation Co., Ltd. (KOSDAQ:A048870)

Shockwave Medical Reportedly Picks Up Takeover Interest from Two Additional Suitors

Shockwave Medical Reportedly Picks Up Takeover Interest from Two Additional Suitors

Insider recently sold US$2.8m worth of stock

First quarter 2023 earnings released: EPS: US$0.21 (vs US$0.068 in 1Q 2022)

Insider recently sold US$583k worth of stock

Boston Scientific Corporation Receives FDA Clearance for LithoVue™ Elite Single-Use Digital Flexible Ureteroscope System

Full year 2022 earnings released: EPS: US$0.45 (vs US$0.69 in FY 2021)

Boston Scientific Corporation Provides Earnings Guidance for First Quarter of 2023 and Full Year 2023

Boston Scientific Corporation, Annual General Meeting, May 04, 2023

Boston Scientific Corporation to Report Q4, 2022 Results on Feb 01, 2023

Independent Director recently sold US$809k worth of stock

Boston Scientific Corporation (NYSE:BSX) entered into a definitive merger agreement to acquire Apollo Endosurgery, Inc. (NasdaqGM:APEN) for approximately $440 million.

Boston Scientific Corporation (NYSE:BSX) entered into a definitive merger agreement to acquire Apollo Endosurgery, Inc. (NasdaqGM:APEN) for approximately $440 million.

Boston Scientific Corporation Announces the First Results from the ACURATE neo2 Post Market Clinical Follow-up (PMCF) Study

Insider recently sold US$639k worth of stock

Insufficient new directors

Boston Scientific Corporation announced that it expects to receive funding from BeWeld Medical Ltd.

Boston Scientific Corporation Announces Impairment Results for the Three Months Ended September 30, 2022

Third quarter 2022 earnings released: EPS: US$0.12 (vs US$0.28 in 3Q 2021)

Boston Scientific Corporation to Report Q3, 2022 Results on Oct 26, 2022

Boston Scientific Announces Results from the PROTECTED TAVR Clinical Trial

Boston Scientific Corporation Receives FDA Approval for Expanded Labeling of WATCHMAN FLX(TM) LAAC Device for Dual Anti-Platelet Therapy as Post-Procedural Medication Option

Boston Scientific Corporation acquired Obsidio, Inc.

Insider recently sold US$848k worth of stock

Nevro and Boston Scientific Corporation Announce the Settlement of Their Ongoing Intellectual Property Litigations

Second quarter 2022 earnings released: EPS: US$0.17 (vs US$0.12 in 2Q 2021)

Shine Justice Ltd Announces Execution of Settlement Deed in the Matter of Debra Fowkes (Applicant) in the Class Action Brought by Shine Lawyers Against Boston Scientific Corporation and Boston Scientific Pty Ltd

Shine Justice Ltd Announces Execution of Settlement Deed in the Matter of Debra Fowkes (Applicant) in the Class Action Brought by Shine Lawyers Against Boston Scientific Corporation and Boston Scientific Pty Ltd

Boston Scientific Corporation to Report Q2, 2022 Results on Jul 27, 2022

Boston Scientific Corporation (NYSE:BSX) has entered into a definitive agreement to acquire a 64% stake in M.I.TECH Co.,Ltd (KOSDAQ:A179290) from Synergy Innovation Co., Ltd. (KOSDAQ:A048870) for approximately KRW 290 billion.

Now 20% undervalued after recent price drop

Full year 2021 earnings released: EPS: US$0.69 (vs US$0.081 loss in FY 2020)

Insufficient new directors

Now 20% undervalued

Boston Scientific Corporation Announces Executive Changes

Boston Scientific Corporation to Report Q1, 2022 Results on Apr 27, 2022

Boston Scientific Corporation Announces Late-Breaking Study Results Reinforce Positive Real-World Outcomes with the WATCHMAN FLX™ LAAC Device

Now 21% undervalued

Boston Scientific Corporation (NYSE:BSX) completed the acquisition of Baylis Medical Company Inc.

Insider recently sold US$569k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations