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Pharma Watch – CEO March Salary News is Disgusting!

drugmoneyIn an on-going attempt to ensure that the consumer of Pharma products are keeping informed about the companies they purchase from, I try to point out news that does not often make the front page, or the evening news.    In addition to, “you” ultimately paying for non-stop TV and print media advertising everywhere, you also ensure the CEO’s of  these companies have lavish incomes and perks that some would trade their souls with the devil for!

The below Headlines should not be a surprise to you,  the Pharma CEO salaries have been increasing over the past couple decades in shocking percentages, and so has your cost to buy their products.   That would not be so bad, except that “your” salary has not done the same.   Good Reading – Take a few minutes and be an Informed Consumer and read all the below headline’s… !

More millions for Wyeth chief Poussot
March 31, 2009 — 11:25am ET | By Tracy Staton

bernard_poussot_03More reasons to wish you were Wyeth’s CEO: Bernard Poussot got a 69 percent raise in his compensation package for 2008. Just on a percentage point basis, that increase would be 23 times what the lucky ones among the masses got last year: 3 percent.

When you look at it in dollar terms, though, the multiples get to be enormous. Poussot’s compensation deal amounted to $21.3 million in 2008, up from $12.7 million in 2007. That’s a difference of $8.6 million. According to Salary.com, the median compensation and benefits package for a pharma rep is about $104,500, so Wyeth’s chief made about 204 times what the average rep makes. Nice work if you can get it. Plus, for “security and other reasons” Poussot is required to use the company jets and helicopters when he flies.  (Read the whole story)

If you have the time the rest of these March News articles are just as entertaining…  (LINK)

Wyeth CEO in line for $53M handshake
March 30, 2009

Bristol, Allergan chiefs nab big raises
March 24, 2009

Abbott chief’s pay drops 15% to $28.3M
March 17, 2009

Pfizer chief’s pay leaps 17% to $14.8M
March 16, 2009

J&Jchief paid $23M; Amgen’s got $14.5M
March 12, 2009

$60M goodbye for Schering’sHassan?
March 10, 2009

Merck execs pull down $36M in pay
March 9, 2009

Glaxo board mulls bonus ‘clawbacks’
March 5, 2009

Wyeth execs slated for $22M payouts
March 2, 2009

You Can Change This Health-care Model –Learn HOW!

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