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Pharma CEO pay
Latest Headlines
Latest Headlines
Updated: EU pharma CEOs earned 46% less than U.S. peers
CEO pay in Europe continues to be a flashpoint given the high unemployment and austerity measures the workaday folk on the continent face. Still, a new analysis shows the CEO's of European drugmakers continue to pull in far less than their U.S. counterparts.
Amgen's two chiefs together net $22.7M in 2012 pay
Amgen's new CEO scored a big raise when he was promoted last year. Robert Bradway took over from ex-chief Kevin Sharer at the end of May, and by year's end, he had racked up $13.57 million in compensation for the year, almost twice what he made in 2011 as president and COO. And his predecessor's pay dropped by half, knocking him off our list of highest-paid biopharma executives.
Despite sales slide, Bristol-Myers CEO nabs 15% raise to $17.2M
Bristol-Myers Squibb CEO Lamberto Andreotti got a 15% raise last year. And that's on top of a 26% increase the year before. Andreotti's 2012 compensation package amounted to $17.2 million, up from $11.8 million two years ago.
Eli Lilly CEO's pay package slides 11% to $14.6M
Eli Lilly CEO John Lechleiter took a pay cut last year--sort of. His 2012 compensation declined by 15%, to $14.6 million. But as Dow Jones reports, the drop stems from a smaller increase in the value of his pension.
Glaxo chief loses half his incentive pay, cutting total to $5.86M
GlaxoSmithKline CEO Andrew Witty--and his colleagues--have another reason to lament European austerity. Their bonuses and long-term incentive pay dropped, by half in Witty's case, as as a "very challenging operating environment" hampered the company's performance.
Shocking exit bonus for a departing chief? Not us, Roche says
Outgoing Roche Chairman Franz Humer will get a bonus when he leaves next year, Vice Chairman Andre Hoffman told shareholders. But it will be "completely different" from the $76 million fellow Swiss drugmaker Novartis originally planned to pay ex-chairman Daniel Vasella.
Allergan CEO nabs 51% pay hike with $9.4M one-time bonus
Allergan CEO David Pyott won quite a payday in 2012. In addition to the usual million-dollar-plus salary and bonus, Pyott nabbed a $9.4 million stock award, bringing his total to $21.2 million.
UPDATED: Novartis nixes $78M non-compete with Vasella
The news of Daniel Vasella's $78 million payoff from Novartis couldn't have surfaced at a worse time. Once again, the Swiss drugmaker becomes a lightning rod for executive-pay watchdogs. And now, lightning is striking just days before the Swiss are due to vote on a proposal designed to rein in executive compensation.
Ex-AstraZeneca chief forfeits up to £3.5M in exit pay
Ex-CEO David Brennan was expected to carry his moneybags out the door at AstraZeneca. Till now, just how much those bags would contain was open to speculation. Turns out that Brennan's retirement haul won't be as large as it could have been.
How does pharma's CEO pay rank?
We know how pharma CEO pay stacked up within the industry. But how did pharma's 2011 compensation packages compare with those in other industries?
