COVID Stimulus Watch Individual Entry

Recipient Company:

Johnson & Johnson

Loan or Loan Guarantee Amount:

$4,409,642

Recipient Details

Ownership Structure: publicly traded (ticker symbol JNJ)

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:

Parent Company: Johnson & Johnson

Headquartered in: New Jersey

Parent Sector: pharmaceuticals

Parent Industry: pharmaceuticals

Employees (prior to pandemic): 132,200

Employment-related Penalties: $5,000,000

Government-contracting-related Penalties: $451,705,368

Environmental / Healthcare / Safety Penalties: $13,819,883,167

Consumer Protection / Financial / Competition-related Penalties: $71,006,000

Ratio of CEO Pay to that of Median Worker: 334 to 1

CEO Compensation: $25,365,777

Worker Median Pay: $76,000

Total Federal, State, and Local Subsidies: $49,573,678