John Hammergren - Highest Paid Ceo

John H Hammergren (born 20 February 1959) is a US businessman. He is the chairman, president, and CEO of McKesson Corporation since 1999.

Biography

John Hammergren was born in St. Paul, Minnesota on 20 February 1959. His father was a traveling salesman in the healthcare industry.

John Hammergren attended Jefferson High School in Alexandria, Minnesota. He then went on to earn his bachelor's in business administration from the University of Minnesota in 1981 and his

After graduation, John Hammergren worked 10 years at the American Hospital Supply, while following an MBA program from Xavier University in 1987. When American Hospital Supply was acquired, he left and joined Lyphomed. In 1991, he was hired at Kendall Healthcare Products in the midst of a LBO. Kendall Healthcare was reanimated and sold to Tyco Healthcare in 1994.

In 1996, John Hammergren was hired by McKesson to run the division that sells prescription drugs to hospitals (McKesson Health Systems). In 1999, after McKesson's fraud scandal, he was named president and co-CEO of the company, and became sole CEO in 2001, and chairman of the board in 2002

Highest paid CEO

In December 2011 it was revealed that Hammergren was the highest paid CEO in the US with total remuneration in excess of $700m (mostly in stock options). According to executive-compensation data firm Equilar, from 1999 to 2012, John Hammergren hauled over $500 million in revenue.

In 2013, Glenn Gray, an employee of McKesson, asked for wages raises during a company annual meeting. Four months later, he was fired. In June 2014, he returned to the company's annual meeting to ask that Hammergren's $292 million severance package be redistributed to low-paid employees. The proposal was defeated by the shareholders.

Rewards

• Cap Gemini Ernst & Young Leadership Award for Global Integration (2004)
• Best-performing CEOs in the world by the Harvard Business Review (ranked #53 in 2014, #63 in 2015)

Other tenures

• Chairman of the Supervisory Board of Celesio AG
• Member of the Healthcare Leadership Council
• Member of the board of trustees for the Center for Strategic & International Studies

Book

• Hammergren, John (2008). Skin in the Game: How Putting Yourself First Today Will Revolutionize Health Care Tomorrow. Wiley. ISBN 978-0470262788. 

References