INSIDE PHARMA

INSIDE PHARMA

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INSIDE PHARMA
INSIDE PHARMA
Big Pharma's 10 highest-paid CEOs of 2023—Fierce Pharma reveals the eye-watering pay packets from last year

Big Pharma's 10 highest-paid CEOs of 2023—Fierce Pharma reveals the eye-watering pay packets from last year

...don't tell me it's all about depopulation! Bill Gates is coining it in...

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Hedley Rees
Jun 17, 2024
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INSIDE PHARMA
INSIDE PHARMA
Big Pharma's 10 highest-paid CEOs of 2023—Fierce Pharma reveals the eye-watering pay packets from last year
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Here you go subscribers - read this and weep:

Big Pharma's 10 highest-paid CEOs of 2023

If you only get a chance to read this below, that should be enough:

Company: Pfizer
2023 total compensation: $21.56 million
2022 total compensation: $33 million
Change: -35%

When Pfizer scored with a pair of megablockbuster COVID-19 products and rang up an industry record $100.3 billion in revenue in 2022, the company rewarded its top executives with massive pay increases, including a $33 million compensation package to CEO Albert Bourla, Ph.D., making him the third highest-paid helmsman that year in biopharma.

But last year—as demand for COVID products plummeted much more precipitously than the company anticipated—Pfizer fell far short of its financial targets for the year. While revenue plunged by 41%, the company’s shares took an even steeper decline at 44%.

With those figures came a 35% drop in compensation for Bourla to $21.56 million. As Pfizer explained (PDF) in its proxy filing, the company ties its…

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