J&J investor demands that CEO give up millions in pay

Johnson & Johnson ($JNJ) CEO Bill Weldon (photo) is the highest-paid Big Pharma chief, no question. His $28.7 million in 2010 pay put him far above the second-place executive, and he made even more in 2009. The difference, as J&J watchers know, stemmed from a series of recalls that dinged sales by $600 million. Missing some targets cost Weldon 7% of his compensation. But a new shareholder...