Daniel O'Day (Georgios Kefalas for AP)

As Gilead’s stock price gets blitzed af­ter a se­ries of prat­falls, why is Dan O’Day get­ting a small raise?

Over the past year, Gilead has been sub­ject­ed to one nasty set­back af­ter the next. But it hasn’t even dent­ed Daniel O’Day’s pay pack­age.

True, his base pay is down a tad, from $1.7 to $1.65 mil­lion, ac­cord­ing to the SEC fil­ing. The non-eq­ui­ty in­cen­tive comp al­so dipped. But those stock awards and op­tions jumped by more than $1.5 mil­lion in val­ue, al­low­ing the Roche vet to see his to­tal com­pen­sa­tion edge up from $19 mil­lion to $19.2 mil­lion, give or take a few bucks.

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