Howard Pien, the CEO in charge when Chiron (CHIR) failed to deliver half the USA's flu vaccine last year, stands to collect up to $12.3 million in severance if he is dismissed by the company's new owner, regulatory filings show.
Hodgson compared Pien's possible payout with controversial severance packages given this year to CEOs Philip Purcell at Morgan Stanley and James Kilts at Gillette. Purcell got $113 million in cash and stock after he resigned under pressure.
Kilts got $164 million after Gillette's sale to Procter & Gamble. They do it to us almost every day with a "look the other way" from the Republicans.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment