Last year was a bruising one for the biotech industry. But a handful of biotech executives saw their compensation swell even as their companies tanked on Wall Street.
STAT reviewed federal filings from all 162 companies on the Nasdaq Biotech Index. The index as a whole fell by 19 percent last year, so it’s no surprise that CEOs as a group made 25.5 percent less in 2016 than they had taken home the year prior.
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Damien,
An interesting follow up would be to interview the board of directors of these companies to better understand how they could let this type of compensation outrage occur. The first step in this process might be to take their pulse to see if they are alive.