Rev­enue plunges, stock takes a drub­bing, but Te­va CEO Kåre Schultz still grabs $32.5M in chart-top­ping com­pen­sa­tion

Te­va CEO Kåre Schultz hasn’t man­aged to turn the ship around at Te­va, but that didn’t stop him from be­com­ing the high­est paid Big Phar­ma ex­ec we’ve seen so far for 2018 — and we’re al­most done count­ing now.

Te­va’s new­ly filed proxy shows that Schultz’s $20 mil­lion cash bonus dropped in his first full year man­ag­ing the trou­bled gi­ant, push­ing his to­tal com­pen­sa­tion pack­age for the year to $32.5 mil­lion. That fol­lows $16.2 mil­lion in stock awards and op­tions that hit the year be­fore, when Schultz earned $17 mil­lion for his com­pen­sa­tion pack­age. And at $49.5 mil­lion for 14 months of work, that is the top of the curve.

Endpoints News

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.