Miles D. White
Encyclopedia
Miles D. White is an American
businessman. He is currently chairman of the board and chief executive officer
of Abbott Laboratories
.
White joined Abbott in 1984, serving there in management positions including senior vice president of diagnostic operations and executive vice president. He was elected to the board of directors in April 1998, to chief executive officer in January 1999, and to chairman of the board in April 1999.
He previously worked at McKinsey & Co.
White serves as a director of McDonald's
, Caterpillar Inc.
and Northwestern Memorial Hospital
. He also serves on the board of trustees of the Field Museum, of which he is immediate past chair, and sits on the boards of the Museum of Science and Industry (Chicago)
, the Joffrey Ballet
, and the Lyric Opera of Chicago
. He is Chairman of the Civic Committee of the Commercial Club of Chicago
, the Dean's Advisory Board at Kellogg School of Management
and the Culver Educational Foundation, and is on the board of trustees of Northwestern University
. He is former Chairman of the Federal Reserve Bank of Chicago
, The Economic Club of Chicago and the Pharmaceutical Research and Manufacturers of America (PhRMA).
White holds two degrees from Stanford University
, a bachelor's degree in mechanical engineering and an M.B.A.
White was born in Minneapolis, Minnesota
.
In 2007, White had the highest total compensation of all CEOs in the Chicago metropolitan area. While CEO of Abbott Laboratories in 2008, White earned a total compensation of $25,104,085, which included a base salary of $1,795,471, a cash bonus of $4,200,000, stocks granted of $7,499,925, and options granted of $10,757,796.
White has been listed in Forbes
' list of America's Most Powerful People and recognized as one of the world's 30 Best CEO's by Barron's (newspaper) and Executive of the Year by Scrip. In April 2011, White was elected to the American Academy of Arts and Sciences
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman. He is currently chairman of the board and chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Abbott Laboratories
Abbott Laboratories
Abbott Laboratories is an American-based global, diversified pharmaceuticals and health care products company. It has 90,000 employees and operates in over 130 countries. The company headquarters are in Abbott Park, North Chicago, Illinois. The company was founded by Chicago physician, Dr....
.
White joined Abbott in 1984, serving there in management positions including senior vice president of diagnostic operations and executive vice president. He was elected to the board of directors in April 1998, to chief executive officer in January 1999, and to chairman of the board in April 1999.
He previously worked at McKinsey & Co.
White serves as a director of McDonald's
McDonald's
McDonald's Corporation is the world's largest chain of hamburger fast food restaurants, serving around 64 million customers daily in 119 countries. Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by the eponymous Richard and Maurice McDonald; in 1948...
, Caterpillar Inc.
Caterpillar Inc.
Caterpillar Inc. , also known as "CAT", designs, manufactures, markets and sells machinery and engines and sells financial products and insurance to customers via a worldwide dealer network. Caterpillar is the world's largest manufacturer of construction and mining equipment, diesel and natural gas...
and Northwestern Memorial Hospital
Northwestern Memorial Hospital
Northwestern Memorial Hospital is one of the nation's preeminent academic medical centers and is the primary teaching hospital for Northwestern University's Feinberg School of Medicine. It is the second tallest hospital in the United States and the fourth tallest hospital in the world...
. He also serves on the board of trustees of the Field Museum, of which he is immediate past chair, and sits on the boards of the Museum of Science and Industry (Chicago)
Museum of Science and Industry (Chicago)
The Museum of Science and Industry is located in Chicago, Illinois, USA in Jackson Park, in the Hyde Park neighborhood adjacent to Lake Michigan. It is housed in the former Palace of Fine Arts from the 1893 World's Columbian Exposition...
, the Joffrey Ballet
Joffrey Ballet
The Joffrey Ballet is a dance company in Chicago, Illinois, founded in 1956. From 1995 to 2004, the company was known as The Joffrey Ballet of Chicago. The company regularly performs classical ballets including Romeo & Juliet and The Nutcracker, while balancing those classics with pioneering modern...
, and the Lyric Opera of Chicago
Lyric Opera of Chicago
Lyric Opera of Chicago is one of the leading opera companies in the United States. It was founded in Chicago in 1952, under the name 'Lyric Theatre of Chicago' by Carol Fox, Nicolà Rescigno and Lawrence Kelly, with a season that included Maria Callas's American debut in Norma...
. He is Chairman of the Civic Committee of the Commercial Club of Chicago
Commercial Club of Chicago
The Commercial Club of Chicago is an anti-labor club resulted from the 1907 merger of two predecessor Chicago clubs: the Merchants Club and the Commercial Club . Its most active members included George Pullman, Marshall Field, Cyrus McCormick, George Armour, Frederic Delano, Sewell Avery, Rufus...
, the Dean's Advisory Board at Kellogg School of Management
Kellogg School of Management
The Kellogg School of Management is the business school of Northwestern University in Evanston, Illinois, downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, as well as partnering programs with schools in China, India, Hong Kong, Israel,...
and the Culver Educational Foundation, and is on the board of trustees of Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
. He is former Chairman of the Federal Reserve Bank of Chicago
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is one of twelve regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank....
, The Economic Club of Chicago and the Pharmaceutical Research and Manufacturers of America (PhRMA).
White holds two degrees from Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
, a bachelor's degree in mechanical engineering and an M.B.A.
White was born in Minneapolis, Minnesota
Minneapolis, Minnesota
Minneapolis , nicknamed "City of Lakes" and the "Mill City," is the county seat of Hennepin County, the largest city in the U.S. state of Minnesota, and the 48th largest in the United States...
.
In 2007, White had the highest total compensation of all CEOs in the Chicago metropolitan area. While CEO of Abbott Laboratories in 2008, White earned a total compensation of $25,104,085, which included a base salary of $1,795,471, a cash bonus of $4,200,000, stocks granted of $7,499,925, and options granted of $10,757,796.
White has been listed in Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
' list of America's Most Powerful People and recognized as one of the world's 30 Best CEO's by Barron's (newspaper) and Executive of the Year by Scrip. In April 2011, White was elected to the American Academy of Arts and Sciences
American Academy of Arts and Sciences
The American Academy of Arts and Sciences is an independent policy research center that conducts multidisciplinary studies of complex and emerging problems. The Academy’s elected members are leaders in the academic disciplines, the arts, business, and public affairs.James Bowdoin, John Adams, and...
.