COVID Stimulus Watch Individual Entry
Recipient Company:
Boston Scientific Corp
Loan or Loan Guarantee Amount:
$2,612,260
Recipient Details
Ownership Structure: publicly traded (ticker symbol BSX)
Award Details
Award Date: Aug 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Boston Scientific Corp.
Headquartered in: Massachusetts
Parent Sector: medical equipment and supplies
Parent Industry: medical devices
Employees (prior to pandemic): 36,000
Accountability Issues Since 2010
Employment-related Penalties: $15,200,000
Government-contracting-related Penalties: $9,250,000
Environmental / Healthcare / Safety Penalties: $1,429,737,560
Ratio of CEO Pay to that of Median Worker: 240 to 1
CEO Compensation: $15,764,140
Worker Median Pay: $65,630
Total Federal, State, and Local Subsidies: $5,508,830
Violation Tracker
Tax / Subsidy Issues