SPOTLIGHT: Amgen pays CEO 29 percent less

It's a pay cut for Amgen Chairman and CEO Kevin Sharer (photo). His 2007 compensation dropped by nearly 29 percent to $13.2 million, from $18.6 million in 2006. The 2007 number includes $1.5 million in salary and $1.5 million in bonuses (which came to $4.5 million the previous year). His stock and options were valued at $9.3 million by the Associated Press, compared with $11.65 million in 2006. Report | Report

Suggested Articles

Pfizer isn't giving up in biosims. This week, it unveiled launches to three Roche blockbusters, with two already on the market.

Patients with epithelioid sarcoma previously had no targeted treatment options, but that'll change with Epizyme's approval for Tazverik.

With federal prosecutors laying waste to Insys' executive team, one big domino was still left to fall: Founder and former CEO John Kapoor.