As Covid-19 vaccine was being developed, Moderna shelled out more than $1M for top executives' security
As Moderna worked in overdrive to create the second Covid-19 vaccine granted emergency use authorization by the FDA, it spent more than $1.1 million on security for its top executives — the overwhelming majority of which went to keeping CEO Stéphane Bancel safe.
More than $1 million was spent on security costs for Bancel in 2020, according to a proxy filing published this week. CMO Tal Zaks, who in February announced that he will leave the company later this year, received $143,719 for security. The company also spent $16,380 on security for President Stephen Hoge, and $28,161 on SVP Juan Andres.
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