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Published on FiercePharma (http://www.fiercepharma.com)

Wyeth discloses new CEO's salary

By admin
Created Nov 21 2007 - 7:59am

Wonder what a big cheese in Big Pharma earn these days? Well, Wyeth told the Securities & Exchange Commission that it plans to pay its new chief Bernard Poussot (photo [1]) $1.5 million in base salary, plus 120,000 restricted stock units that start vesting in three years. Meanwhile, its non-employee directors will get $220,000 annually in 2008 and 2009.

Remember, though, that base pay is just that. According to Forbes, Wyeth's current CEO, Robert Essner, raked in $25.66 million in 2006, including base pay, bonuses, stock, and perks.

- read the AP report [2]
- see the figures [3] on Essner in Forbes

Related Articles:
Wyeth names Poussot CEO. Report [4]
Wyeth stock down after several setbacks. Report [5]
Wyeth CEO: FDA creating monopoly meds. Report [6]


Source URL:
http://www.fiercepharma.com/story/wyeth-discloses-new-ceos-salary/2007-11-21