Pfizer CEO Gets Pay Raise As Drug Prices Rise
March 19, 2018
Despite Pfizer coming under fire for raising the prices of several drugs last year, the company has given CEO Ian Read a significant pay raise, increasing his total compensation by 61 percent.
According to financial filings from the company reported by Bloomberg, Read received a total compensation package of $27.9 million in 2017—more than $10 million more than the $17.3 million he took home in 2016.