Total compensation for Schering-Plough's CEO Fred Hassan rose 2.7 percent to $24.7 million in 2007, a year in which the company recorded a loss of $1.59 billion despite a 20 percent rise in revenues.
The bulk of his compensation, $18.4 million, came from stock and stock options awarded in 2007, more than double the amount from such awards in 2006.
Hassan received over $608,000 in perks - nearly the same as in 2006 - which included $292,250 in company contributions to savings plans. The perks also included $146,680 for personal security, nearly $81,000 for life insurance, $75,544 for use of company aircraft, $7,000 for financial planning, $2,500 for tax preparation, $3,127 for home security, and $1,101 for a company car and driver.
The bulk of his compensation, $18.4 million, came from stock and stock options awarded in 2007, more than double the amount from such awards in 2006.
Hassan received over $608,000 in perks - nearly the same as in 2006 - which included $292,250 in company contributions to savings plans. The perks also included $146,680 for personal security, nearly $81,000 for life insurance, $75,544 for use of company aircraft, $7,000 for financial planning, $2,500 for tax preparation, $3,127 for home security, and $1,101 for a company car and driver.
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