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Elan Corporation, plc Message Board

  • pat_cret pat_cret Jan 12, 2003 2:53 PM Flag

    Martin's pay package

    Liked this:

    "Martin said he had taken a pay cut to move to Elan, but was keen to work in a business which had the potential to develop life-saving drugs. He did not reveal his pay package, but said it would be substantially linked to a recovery in the company's share price.

    He said that despite his lack of pharmaceutical experience, he believed his business skills could help provide a solid foundation for the company's future growth."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • TO DILUTE LONG'S MONEY AND WASH THIER HOPES.
      YEAH RIGHT! HE IS TAKING A PAY CUT.
      HE WILL EMPTY REST OF ELN IN HIS POCKET.
      LYONS were introduced by MER guys
      ANOTHER FINANCIAL SCAM, MAY BE?

    • My understanding is that the package has not been finalized. But, it certainly includes stock options which will make him far more money than any possible salary.
      In point of fact, he will make more money for the outgoing management than they could have.
      Martin is the right man, for the right job, at the right time.
      Well worth hanging in for, in fact, well worth adding more Elan to the account for.
      The end of this episode promises to make far more money from Elan than I had originally intended (due to substantial share increases at low prices).
      No complaints from here!
      Regards,
      AZ

 

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