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Allergan plc Message Board

  • mountainhiker1946 mountainhiker1946 Feb 16, 2011 4:11 PM Flag

    Shame on AGN

    Why does AGN feel they have to shovel money to the top?

    * EVP/president Europe, Africa, and the Middle East Douglas S. Ingram received $277,570 towards the cost of his house and a private education for his children. The company said they were “relocation allowances.” It did not explain why Allergan was paying for his children’s education — it doesn’t pay for anyone else’s — or why Ingram was unable to find a decent public school on any of those three continents.
    * Similarly, R&D chief Scott M. Whitcup received an interest free home “loan” for $300,000 that will be forgiven in its entirety by the end of this year. In other words, Allergan paid for his house.
    http://www.bnet.com/blog/drug-business/why-is-allergan-giving-free-houses-and-private-school-fees-to-its-bosses/7410

    A number of years ago, in addition to a free car for some, they paid for the gas. They stopped that. But I guess habits are hard to break.

    Oh, this is shareholder money they are spending.

 
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