Healthy Skepticism Library item: 7320

Warning: This library includes all items relevant to health product marketing that we are aware of regardless of quality. Often we do not agree with all or part of the contents.

Publication type: news

Golden Parachutes: Henry McKinnell
CBC News Interactive 2006 Dec 24
http://www.cbc.ca/news/interactives/who-goldenparachutes/

Abstract:

Henry McKinnell, the Canadian-born former CEO of the U.S.-based pharmaceutical company Pfizer Inc., received a retirement package worth $180 million US in December 2006.

The package included:
· $82.3 million US in pension benefits.
· $77.9 million US in deferred compensation.
· Lump-sum severance of $11.9 million US.
· Stock grants worth $5.8 million US.
· $2.2 million US for 2005 bonus payments.
· $305,644 US for unused vacation time.
· $576,573 US for benefits he would have received had he stayed at the company.