Navigation Links
Biotech Executive Salaries Continue to Rise Despite Weak Economy
Date:9/19/2012

ATLANTA, Sept. 19, 2012 /PRNewswire-USNewswire/ -- Amgen CEO Kevin Sharer, at $1.75 million in his final year before retirement, led the list of highest-salaried biotechnology executives in 2011, followed by John Martin, Gilead Sciences CEO, with $1.42 million, although Martin topped all executives in total compensation, with $54.58 million, to lead the "Millionaire's Club," according to data in the BioWorld Executive Compensation Report 2013: Trends in C-Level Salaries and Benefits in the Biopharma Market (ECR). 

(Logo: http://photos.prnewswire.com/prnh/20120628/DC32901LOGO)

Rounding out the top of the list of the highest-salaried U.S. biotech executives is George Scangos, Biogen Idec CEO, at $1.24 million, followed by Matthew Emmens, Vertex Pharmaceuticals, with $1.16 million.

It's still predominately a men's club, but women made noteworthy progress on some of the lists. Adelene Perkins, Infinity Pharmaceuticals CEO, at $820,000, came in at number 53 on the list of the top 167 CEOs, ranked by total annual compensation, to head a list of five female CEOs making the roll.

"In recent years, the biotech market has attained overall profitability, achieved its highest-ever market value and increased the number of annual product approvals; these are the executive decision-makers guiding the industry through the most profitable and productive period in its history, but also in what is, arguably, its most tenuous economic period," said Michael Harris, BioWorld's ECR senior editor.

Data on biotech corporate officers at companies outside the U.S. was included for the first time in ECR 2013 and the list shows only one executive, Peer Schatz, Qiagen CEO, at $1.31 million, earning more than $1 million.

"Negotiations for executive compensation packages can be better managed when there is comparative data on competitive-level positions," Harris said. "The compensation trends in BioWorld's ECR reveal that dynamics such as the recession, inherent volatility associated with drugmaking and the overwhelming risk of failure seem to have invoked the companies to double down on their efforts to rely on – and pay for – the best leadership."

Data in the 2013 ECR covers 798 C-level executives representing 258 companies in the U.S., with additional sections covering 87 executives representing 55 non-U.S. companies in Europe and Canada.

BioWorld is the biopharmaceutical industry's most respected news source for more than two decades. For a copy of the ECR, call (800) 477-6307 or, outside the U.S., (404) 262-5476 or visit www.bioworld.com.

CONTACT: Lynn Yoffee, Executive Editor, +1-404-262-5408

Web Site: http://www.bioworld.com


'/>"/>
SOURCE BioWorld
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Celladon Corporation Named a 2012 Fierce 15 Company by FierceBiotech
2. FierceBiotech Names Enanta Pharmaceuticals, Inc. a Fierce 15 Winner
3. Sinovac Biotech Receives GMP Certification for Mumps Vaccine Production Facility
4. Germany Prioritizes Medical Biotechnology with New Initiatives
5. PROLOR Biotech To Present Data On Its Long-Acting Human Growth Hormone At International NeuroEndocrine Meeting
6. Why Texas is #1 in Business: Local BioTech Company Expands
7. RayBiotech, Inc. Achieves Both GMP- and GLP-Compliance and Announces New Dedicated Services Laboratory
8. Lifeline Biotechnologies Receives Patent for Methods to Collect and Analyze Breast Thermal Data to Determine Suspect Conditions
9. Omeros to Present at the 19th Annual Newsmakers in the Biotech Industry Conference
10. Biomass characterization technology research highlighted in Industrial Biotechnology journal
11. Bolder BioTechnology Announces Publication of Data Demonstrating Utility of the Companys Long-Acting IL-11 Analog to Prevent Renal Ischemia Reperfusion Injury
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... 5, 2016 On Thursday, February 11, ... for community, health and disaster services, and the ... to enhance care coordination and service delivery for the ... need and to better connect service providers to the ... San Diego has handled more than ...
(Date:2/5/2016)... drug discovery and development company, Novogen Limited (ASX:NRT; NASDAQ: ... Mr John O,Connor , and new Deputy Chairman, Mr ... Garner , has also been formally appointed to the Board ... Iain Ross , will resume his role on the Board ... has also been formally appointed to the Board as an ...
(Date:2/4/2016)... - New FDA action date of July 22, ... July 22, 2016   --> - ...   - Lifitegrast has the potential to be the ... signs and symptoms of dry eye disease in adults ... product approved in the U.S. in the past decade indicated for the treatment of ...
(Date:2/4/2016)... ... , ... Shimadzu Scientific Instruments will showcase several new products, ... sessions, and present on the analysis of mycotoxins and medical cannabis at the ... at the Georgia World Congress Center in Atlanta, Georgia. , Attendees should ...
Breaking Biology Technology:
(Date:1/27/2016)... Jan. 27, 2016  Rite Track, Inc. a leading ... West Chester, Ohio announced today the ... staff, based in Austin, Texas , ... to provide modifications, installations and technical support offerings for ... of PLUS, commented, "PLUS has provided world class service ...
(Date:1/21/2016)... --> ... report "Emotion Detection and Recognition Market by Technology (Bio-Sensors, NLP, ... Voice Recognition and Others), Services, Application Areas, End ... published by MarketsandMarkets, the global Emotion Detection and ... Billion by 2020, at a CAGR of 31.9%, ...
(Date:1/15/2016)... Puerto Rico , Jan. 15, 2016 ... big and small to find new ways to ensure ... culture. iOS and Android ... based on biometrics, transforming it into a hardware authorization ... that users swipe their fingerprint on their KodeKey enabled ...
Breaking Biology News(10 mins):