Thursday, March 15, 2012

Pfizer CEO Read Received 44% Pay Increase - Businessweek

Pfizer (PFE) Inc. Chief Executive Officer Ian Read received a 44 percent raise in total compensation last year to $25 million in his new role as head of the world’s largest drugmaker, according to a regulatory filing.

Read, 58, was paid $1.7 million in base salary, a $3.5 million cash bonus, stock and option awards, pension and other benefits. The cash bonus was $900,000 more than his target for the year, New York-based Pfizer said in the filing. Read’s total compensation was $17.4 million in 2010.

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