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Profitable
Year for Bristol-Myers, Abbott Execs
More company proxies disclosed 2007
compensation packages for top pharma execs this week.
James Cornelius, named
Bristol-Myers Squibb’s permanent chief executive last April,
received a 2007 pay package worth $11.3 million. Cornelius’ 2006
package was $1.5 million for about four months work as substitute
CEO. Cornelius’ 2007 salary was $1.4 million, up from $380,000
the year before. In 2007, he received a bonus of $1.1 million
compared with no bonus in 2006. The
Wall Street Journal Health Blog (3/24)
Abbott CEO Miles White’s
compensation package for last year was worth $33.4 million, up
from $26.9 million the year before. The value of White’s options
increased from $8.5 million in 2006 to $14.8 million last year,
while his base salary of $1.7 million didn’t change much. The
Wall Street Journal Health Blog (3/20)
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