COVID Stimulus Watch Individual Entry

Recipient Company:
Boston Scientific Corp
Loan or Loan Guarantee Amount:
$2,211,020

Recipient Details

Ownership Structure: publicly traded (ticker symbol BSX)

Award Details

Award Date: Sep 8, 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 icon
Employment-related Penalties: $15,200,000
Contracting icon
Government-contracting-related Penalties: $9,250,000
Environment icon
Environmental / Healthcare / Safety Penalties: $1,429,737,560
ConsumerProt icon
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 240 to 1
CEO Compensation: $15,764,140
Worker Median Pay: $65,630
Tax icon
Total Federal, State, and Local Subsidies: $5,508,830
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues