Scan­gos left Bio­gen in style, tak­ing a fi­nal $17.7M com­pen­sa­tion pack­age for one last, dis­ap­point­ing year

When George Scan­gos left Bio­gen at the end of 2016, he left be­hind a fad­ing megablock­buster fran­chise he had helped cre­ate and passed the reins to a large­ly un­known se­nior ex­ec­u­tive who was charged with re­viv­ing an erod­ing share price.

Scan­gos took a fi­nal year com­pen­sa­tion pack­age worth $17.7 mil­lion, boost­ed by stock awards and in­cen­tives that were built around a $1.5 mil­lion salary, ac­cord­ing to a new­ly filed proxy state­ment. That bot­tom line marked an uptick from his pay pack­age in 2015, which weighed in at $16.9 mil­lion, de­spite the grow­ing doubts that af­flict­ed the com­pa­ny.

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