STAT+: Pharmalittle: Purdue wants to shower employees with $34.7 million in bonuses; Emergent faces shareholder suits
Good morning, everyone, and welcome to another working week, albeit an abbreviated one on this side of the pond thanks to an extended weekend respite. Of course, this means a game of catchup with those of you located in other regions. So on that note, we are firing up the trusty coffee kettle and brewing cups of stimulation. Our choice today is cinnamon mocha. Yum. Meanwhile, we have assembled the usual menu of tidbits, although it does appear a bit quiet at the moment. No matter, this will not last long. Have a great day, and keep in touch. …
As Purdue Pharma attempts to win a controversial reorganization plan in bankruptcy court, the drug maker is also seeking approval for $34.7 million in employee bonuses, including $2.1 million for the chief executive officer, STAT reports. The request raises the possibility of yet another round of outrage over company bonuses. Currently, about 500 Purdue employees are eligible for bonuses, or $67,000 per person. By contrast, the reorganization plan sets a maximum payout of $48,000 to individual claimants.
