BY PETER LOFTUS

Johnson & Johnson slashed Chief Executive William Weldon's performance bonus by 45% for 2010, a year in which the health-care giant issued a series of product recalls due to manufacturing-quality lapses.

The recalls are continuing, with the company saying this past week that certain packages of the decongestant Sudafed were being recalled because of a misprint on product directions.

In an annual report filed with the Securities and Exchange Commission Friday, J&J said Mr. Weldon's performance bonus for 2010 was $1.98 million, down from $3.6 million for 2009. The bonus, which was approved by the ...