COVID Stimulus Watch Individual Entry

Recipient Company:

Medtronic Inc

Loan or Loan Guarantee Amount:

$5,569,422

Recipient Details

Ownership Structure: publicly traded (ticker symbol MDT)

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: Medtronic

Headquartered in: Ireland

Parent Sector: medical equipment and supplies

Parent Industry: medical devices

Employees (prior to pandemic): 90,000

Employment-related Penalties: $3,702,834

Government-contracting-related Penalties: $58,447,947

Environmental / Healthcare / Safety Penalties: $330,028,755

Consumer Protection / Financial / Competition-related Penalties: $23,840,750

Ratio of CEO Pay to that of Median Worker: 240 to 1

CEO Compensation: $17,796,325

Worker Median Pay: $74,206

Total Federal, State, and Local Subsidies: $19,104,525