Pfizer Inc. has hiked the price of dozens of drugs in 2017, it also jacked up the compensation of CEO Ian Read by 61 percent, putting his total compensation at $27.9 million, according to financial filings reported by Bloomberg. Read’s compensation included in part a salary of $1.96 million, a $2.6 million bonus, $13.1 million in equity awards linked to financial goals and stock price, as well as an $8 million special equity award that will vest if the company’s average stock return goes above 25 percent for 30 consecutive trading days before the end of 2022. In 2016, Read’s compensation totaled $17.3 million.
More info in the article;
https://arstechnica.com/science/2018/03/amid-drug-price-increases-pfizer-ceo-gets-61-pay-raise-to-27-9-million
My Thoughts On This News
There are people who cannot even afford healthcare nor the medical drugs they need. Meanwhile corporations like this are increasing their prices, getting tax cuts and the CEOs and executives are giving themselves pay raises... The rich have taken over the US government and are sucking every penny out of the economy while people at the bottom are working 2 or 3 jobs and can barely pay their bills. While the people at the very bottom can't even find jobs and/or are homeless. We live in a broken economic system where people like this earn more than they could spend in a lifetime all because of the labor performed by people at the bottom...