The decline was due to lower stock options and stock awards, cash bonuses and pension earnings, but Whites base salary remained consistent over all three years at $1.9 million. , The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. Previously, he served as President and Chief Operating Officer, with responsibility for all of the company's operating businesses; and Executive Vice President, Medical Devices, leading our Diabetes Care, Cardiovascular and Neuromodulation businesses. Senior Vice President Fernando Mateus Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. No use of any Abbott trademark, trade name, or trade dress in this site may be made without the prior written authorization of Abbott, except to identify the product or services of the company. . Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Gurus may be added or dropped from the GuruFocus site at any time. Abbott recalled some of its formulasnotably its Similac line. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. Abbotts pediatric nutrition sales in the U.S. increased 10.3% in 2021 and 5.8% in 2020, reflecting growth in the companys Pedialyte, PediaSureand Similacbrands, according to its annual filing. In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. Abbott is a global healthcare leader that helps people live more fully at all stages of life. Abbott Laboratories leveled up on this year's Fortune 500 list, leaping from last year's rank of 104 to No. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . Please be aware that the website you have requested is intended for the residents of a particular country or region, as noted on that site. of 118,550 shares made by Salvadori Daniel Gesua Sive . Abbott is a global healthcare leader that helps people live more fully at all stages of life. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. GuruFocus also compares Robert B Ford's trading performance to market benchmark return within the same time period. This information is according to proxy statements filed for the 2021 fiscal year. Now, dozens of class-action lawsuits have been filed against Abbott by parents of babies who were made ill from the companys formulas. Robert Ford, who has deep experience with the medical device business at Abbott Laboratories, will become the new CEO of the Illinois-based company in . , A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. brought Abbott Laboratories executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. View saved articles. SENIOR VICE PRESIDENT Louis H. Morrone of 64,956 shares made by Andrea F Wainer Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least Abbott Laboratories stock worth over $5,687,137 and over the . There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Abbott Laboratories can also be reached via phone at (224) 667-6100. Mr. Ford earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. This net worth estimate does not reflect any other investments that Mr. Ford may own. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,272,453 as of February 25th. Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least $41.4 Million dollars as of 25 August 2022. Learn More on Robert B. Ford's contact information. ( m. 1998) . Our 109,000 colleagues serve people in more than 160 countries. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. What is Robert B. Ford's salary? Learn More about insider trades at Abbott Laboratories. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. On this Wikipedia the language links are at the top of the page across from the article title. Over the last 23 years, insiders at Abbott Laboratories have traded over $365,964,884 worth of Abbott Laboratories stock and bought 1,028,477 units worth $44,923,618 There are 6 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Learn More on Robert B. Ford's contact information. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Chart Data in Insider Trading History Table. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. A bacteria called cronobacter sakazakii has been linked to baby powder formulas manufactured at the plant, which have led to complaints of babies becoming ill. Last updated: 22 February 2023 at 6:54pm EST. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. Owen's Kids Are Not Allowed To Smoke. . The largest trade he's ever made was exercising 102,425 units of Abbott Laboratories stock on 25 August 2022 worth over $4,121,582. Source: Pinterest Age And Net Worth . Calamari There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. The estimated net worth of Robert B Ford is at least $34 Million dollars as of 2023-02-25. Billions could be poured into exploration companies searching for new U.S. deposits. His 2021 pay was down from $18.8 million in 2020 and $24.67 million in 2019. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. [11] In April 2020, Chief Executive recognized Ford for Abbott's response to accessibility for testing. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. Mr. Ford earned a salary of $1,482,692.00, stock awards of $8,689,294.00, options awards of $8,689,978.00, non-equity compensation of $3,168,400.00, and other compensation of $129,179.00. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,857,908 and over the last 9 years he sold ABT stock worth over $2,638,762. This net worth estimate does not reflect any other investments that Mr. Ford may own. and Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. [9][10] Ford said he considers Abbott's BinaxNOW test to be a model, setting a trend for rapid point-of-care testing after the coronavirus pandemic for ailments such as influenza, sexually transmitted diseases, and hepatitis. Chicago, Illinois Robert Ford's listing in the Class of 2015 student directory identified him as vice president, Abbott Diabetes Care. Past performance is a poor indicator of future performance. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. Above is the net worth, insider trading, and ownership report for Robert B Ford. Abbott Laboratories' insider roster includes Hubert Allen (Insider), Roxanne Austin (Director), Roger Bird (SVP), Brian Blaser (Insider), Philip Boudreau (VP), Sharon Bracken (Insider), John Capek (EVP), Jaime Contreras (SVP), Michael Dale (SVP), Lisa Earnhardt (EVP), Robert Ford (Chairman), Robert Ford (CEO), Robert Funck (CFO), Stephen Fussell (EVP), John Ginascol (EVP), Sammy Karam (SVP), Michelle Kumbier (Director), Andrew Lane (EVP), Joseph Manning (SVP), Nancy Mckinstry (Director), Mary Moreland (EVP), Louis Morrone (SVP), Phebe Novakovic (Director), Michael Pederson (SVP), Daniel Salvadori (EVP), Christopher Scoggins (SVP), Daniel Starks (Director), Julie Tyler (SVP), Andrea Wainer (EVP), Jared Watkin (SVP), Miles White (Chairman), Randel Woodgrift (SVP), and Brian Yoor (CFO). As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. The performance of stocks bought by Robert B Ford within 3 months outperforms 1 times out of 1 transactions in total compared to the return of S&P 500 within the same period. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. Suite 3200 Mr. Ford earned a salary of $1,482,692.00, stock awards of $8,689,294.00, options awards of $8,689,978.00, non-equity compensation of $3,168,400.00, and other compensation of $129,179.00. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley's Haas School of Business. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. Abbott Laboratories executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Track performance, allocation, dividends, and risks . the CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $35 Million. They sold a total of 345,468 shares worth more than $36,920,834.37. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The current estimated net worth of Abbott Laboratories's CHAIRMAN AND CEO, Robert B Ford, is estimated to be about $32.44M . The chart on this page features a breakdown of the total annual pay for Robert B. Ford, Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES as reported in their proxy statements. Abbott founded The Chicago Defender in 1905, which grew to have the highest circulation of any black-owned newspaper in the country. . The rest of his pay was made up of more than $17 million in stock options and stock awards, about $3.16 million in cash bonuses and $2.7 million in pension earnings. Abbott Laboratories (ABT)'s detailed insider trading history can be found in Insider Trading Tracker table. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,562,068 and over the last 9 years he sold ABT stock worth over $2,638,762. Ford, who became CEO in 2020, received compensation totaling $24.9 million in 2021, most of it coming from stock options and awards, according to a recent Abbott filing with the U.S. Securities & Exchange Commission. Abbott is a global healthcare leader that helps people live more fully at all stages of life. Western countries are now scrambling for stable, renewable energy. Russia Ignites West's Battle for Energy Independence. White will step down as CEO March 31, 2020, after a tenure that saw the company's acquisitions . Robert Ford made $20,450,586 in total compensation as Director, Chief Executive Officer and President at Abbott Laboratories in . Robert B. Ford Net Worth Mr. Robert B. Ford biography Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. What is the salary of Mr Ford? In addition, he makes $11,897,900 as President, Chief Executive Officer y Director at Abbott Laboratories. All proxy statements are public filings made available to the general public by the SEC. . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Most recently, Robert B. Ford sold 102,425 shares of the business's stock in a transaction on Thursday, August 25th. Abbott did not respond to a request for comment. Details can be seen in Robert B Ford's Latest Holdings Summary section. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Faith Alexis Ford is an American actress. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Abbott Laboratories executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Move Over Lithium 220 Pounds of Graphite In Every EV Battery. Insiders at Abbott Laboratories own 0.5% of the company. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. He will become the 13th CEO in the company's 131-year history. Enter your email address below to get our daily insider buying and selling report. sale As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. Learn More on Robert B. Ford's contact information. Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Abbott derives approximately 60% of sales outside the United States. As the Chairman and Pres & CEO of Abbott Laboratories, the total compensation of Mr Ford at Abbott Laboratories is 5,051,334. GuruFocus.com is not operated by a broker or a dealer. Robert B Ford currently owns a total of 1 . Other recent insider transactions involving Abbott Laboratories (ABT) include It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. In summary, during the past 3 months, insiders sold 15,460 shares of Abbott Laboratories (ABT) in total and bought 0 shares, with a net They sold a total of 345,468 shares worth more than $36,920,834.37. You may also find the annual proxy statement by going directly to the company's website. Last updated: 22 February 2023 at 6:54pm EST. The Most Powerful Women In Chicago Business. The website that you have requested also may not be optimized for your screen size. The Medical Devices segment includes electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices for the management of chronic pain and movement disorders. Within two months, he had erased the "vice" to become president of the division. 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