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GlaxoSmithKline plc Message Board

  • mountainhiker1946 mountainhiker1946 Mar 6, 2013 7:01 PM Flag

    Nice work if you can get it.....

    GlaxoSmithKline paid its chief executive, Andrew Witty, almost £4m last year, despite the company paying out a $3bn (£1.9bn) fine to settle claims that it tricked and bribed doctors into prescribing dangerous antidepressants to children.

    The drug company also boosted the value of Witty's pension pot to £13.7m, and will allow him to collect a further bonus of £452,000 if he hits targets.

    It was reduced from last year's compensation, but then a fine of $3Bn certainly reduced shareholder value.

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