Ex-Allergan chief Pyott sells off San Juan mansion for $5M

David Pyott

Former Allergan Chairman and CEO David Pyott found himself out of a job when Actavis snapped up his company. He walked away with quite a golden parachute, however--$534 million, says the Orange County Register--and now he has another $5 million to add to his balance sheet. Pyott sold his expansive home in San Juan Capistrano for that amount, perhaps for something more fitting for an ex-CEO with ambitions to join more corporate boards and work more closely with nearby Chapman University, where he's vice chairman of the board of trustees. Report