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Headquarters:
111 Monument Circle, #2900
Indianapolis, IN 46204
Employees: 12,000
CEO: Ronald Dollens
Stock Symbol: GDT
Website:
http://www.guidant.com
Career
Site
Guidant is a world leader in the design
and development of cardiovascular medical products. The company's
devices help patients with heart disease return to active and
productive lives.
Guidant develops, manufactures and markets
a broad array of products and services that enable less invasive
care for conditions involving the heart. These products include
stents, defibrillators and pacemakers.
Guidant was incorporated in 1994. Corporate
headquarters are in Indianapolis, with major operations in California,
Minnesota, Texas, Washington, Puerto Rico and Ireland.
In December 2004, Johnson & Johnson
agreed to acquire Guidant for about $25 billion. The deal is
awaiting FTC approval but has already been approved by European
regulators.
Guidant had revenues of $3.7 billion in
2004 and net income of $524 million.
Benefits
Medical, Dental, and Vision Plans
Guidant pays the major portion
of the cost to provide healthcare benefits to employee-owners
and their eligible dependents. Employees pay a small portion
of this cost on a monthly basis, either on a pre-tax or after-tax
basis. Eligible dependents include your spouse or domestic partner
and the eligible dependent children of your own, your spouse,
or your domestic partner. Life Insurance
Basic Life Options - Two times annual base pay, company provided;
or one times annual base pay, employee receives a credit to apply
toward other benefit premiums, or taken as cash.
Supplemental Life - Employees can buy extra life insurance
if they have elected two times the basic life insurance coverage.
Spouse/Domestic Partner Life - Employees can buy life
insurance for their spouse/domestic partner.
Child Life - Employees can buy life insurance for their
children.
Accidental Death and Dismemberment (AD&D) - Employees
may purchase life insurance, which pays an additional benefit
in the event of an accidental death or dismemberment.
Business Travel Accident Insurance - This company-paid
benefit automatically provides coverage of up to three times
base pay if accidental loss of life, limb, or sight occurs while
employee is traveling on company business.
Short-Term and Long-Term Disability Plans
Short-Term Disability pays a percentage of base salary, depending
upon length of service, for up to 180 days, at no cost to the
employee. Generally, Long-Term Disability benefits begin when
Short-Term Disability benefits end.
Flexible Spending Accounts
Health Care Spending Account - Offers employees a way to
reimburse themselves with tax-free money, taken from their pay,
for eligible healthcare expenses.
Dependent Care Spending Account - Employees can be reimbursed
with tax-free money taken from their pay for certain dependent
care expenses they incur. To participate in the dependent care
spending account, you must be single with eligible dependents
or married with a spouse who is actively employed, a full-time
student, or disabled. The Internal Revenue Service limits contributions
to dependent care spending accounts to $5000 per family per year.
On-Site Health Club Facilities
Guidant locations in Santa Clara and Temecula, California
have state-of-the-art fitness centers. These facilities offer
on-site classes, exercise equipment, personal trainers, and locker
rooms. On-site classes and locker rooms are also available at
Guidant in St. Paul, Minnesota.
Wellness Reimbursement Program
Guidant will share membership expenses with US-based employees
who are enrolled in health clubs, fitness classes, weight loss/weight
management programs, and tobacco cessation programs. Guidant
will pay up to $40 per month, subject to taxes, to subsidize
eligible fees.
Muscle Relaxation Service
Offering neck, back, and hand massage at several Guidant
locations.
Employee Savings and Stock Ownership
Plan (ESSOP)
Through the ESSOP, employees have
the opportunity to become Guidant owners. This means all of us
have a vested interest in Guidant's future. The ESSOP is comprised
of two elements:
- Retirement ESOP - Guidant automatically contributes
shares of company stock equivalent to 5% of each employee's monthly
base pay. Employees generally become fully vested at 5 years
of employment.
- Savings Plan - Employees may contribute between 1% and
75% of base pay (plus commissions), not to exceed IRS annual
limits, and select from eight funds in which to invest their
contributions. Guidant matches $0.50 per $1.00 in company stock,
up to 6% of base pay (plus commissions).
Annual Bonus
An aggressive annual bonus program features clear goals,
measurable results, and accountability across all departments.
The bonus is generally paid to all employee-owners as a fixed
percentage of salary.
Bonus/Incentive Programs
Guidant has established cash incentive programs for all regular
full-time and part-time employees. Different programs exist for
individuals based on the nature of their job and their organization
or department. Examples may include divisional or geographic
bonus plans or individual sales commissions.
Paid Holidays
Guidant observes 11 regular holidays per calendar year, in
addition to a company-paid, year-end holiday shutdown at most
locations.
Vacation
Employees earn vacation time based on their tenure with the
company, up to a maximum of 20 vacation days per year. Additional
vacation days can be purchased with pretax dollars.
Updated October 25, 2005
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