Share “Pfizer CEO's pay triples to $18M in first...”

Pfizer CEO's pay triples to $18M in first year

Associated Press Published: March 15, 2012

NEW YORK (AP) — Drugmaker Pfizer Inc. says it nearly tripled new CEO Ian Read's total compensation last year.

Read got a package worth just over $18 million, including salary of $1.7 million and stock and option awards totaling about $12.5 million.

He moved up to CEO from head of pharmaceutical operations in December 2010, when the board apparently forced out predecessor Jeffrey Kindler.

Read has since restructured Pfizer's huge research organization to improve productivity, and a couple of important drugs were approved last year.

The AP's calculation counts salary, bonuses, perks, stock and options awarded during the year.


  1. 1
    Hillary Clinton Really Is Coming For Your Guns
  2. 2
    Where does OU rank among college football's running back units?
  3. 3
    The best jobs for every personality type
  4. 4
    Lankford: Changing Washington 'takes strong families, strong churches and strong communities'
  5. 5
    Trial delayed for former sheriff's deputy charged with sexual battery
+ show more


× Trending business Article