J&J lowers exec bonuses, citing ‘disappointments’

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TRENTON, N.J. (AP) — Citing “disappointments” last year, Johnson & Johnson has lowered planned bonuses by 10 percent for new CEO Alex Gorsky and other top executives.

The giant health products maker called its 2012 results a “mix of short-term successes and disappointments,” with the latter including slow sales growth, a still-tarnished reputation and failure to get many of its recalled consumer health products back into stores as quickly as hoped.

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