William C. Weldon
Encyclopedia
William C. Weldon is Chairman 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 Johnson & Johnson
Johnson & Johnson
Johnson & Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. Its common stock is a component of the Dow Jones Industrial Average and the company is listed among the Fortune 500....

, the sixth Chairman in Johnson & Johnson's history of more than one hundred years.

He was born in Brooklyn, New York. His parents were a Broadway stage-hand and a costume designer. He married his high school sweetheart, Barbara, in 1969 and fathered two children. He received a BA in Biology from Quinnipiac University
Quinnipiac University
Quinnipiac University is a private, nonsectarian, coeducational university located in Hamden, Connecticut, United States at the foot of Sleeping Giant State Park...

 in 1971. Weldon has spent his entire working life at J&J. He joined J&J as a sales representative for the McNeil Pharameutical division in 1971 and eventually became the head of J&J's Ethicon
Ethicon
Ethicon can refer to two distinct subsidiares of Johnson & Johnson:* Ethicon Inc., a manufacturer of surgical sutures and wound closure devices that was founded in 1949...

 Endo-Surgery business in 1992. He became the head of J&J's pharmaceutical operations in 1998 and then became J&J's CEO in 2002. As CEO, Weldon engineered some of the largest acquisitions in J&J's history including the purchase of Alza
ALZA
Alza Corporation was a pharmaceutical and medical systems company founded in 1970's by Dr Alejandro Zaffaroni; the company's name is a portmanteau of his name. Alza pioneered the field of drug delivery systems, bringing over 20 prescription pharmaceutical products to market, and employing about...

 and Pfizer
Pfizer
Pfizer, Inc. is an American multinational pharmaceutical corporation. The company is based in New York City, New York with its research headquarters in Groton, Connecticut, United States...

's consumer-health product line.

In 2009, Weldon earned a total compensation of $22,830,834, which included a base salary of $1,802,500, a cash bonus of $12,831,146, stock awards of $2,762,532, option awards of $5,238,069, and other compensation of $196,587.

Weldon also sits on the JPMorgan Chase & Co.
JPMorgan Chase & Co.
JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets and market capitalization.It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is...

 Board of Directors and the Quinnipiac University
Quinnipiac University
Quinnipiac University is a private, nonsectarian, coeducational university located in Hamden, Connecticut, United States at the foot of Sleeping Giant State Park...

Board of Trustees.
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