Pfizer Executive Pay

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Anonymous

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Here is the 2010 summary compenstation table:

Kindler: $24,688,849 - Prior CEO
Read: $17,396,112 - CEO
D'Amelio: $6,500,073 - CFO
Dolsten: $5,903,686 - President R&D
Lewis Hall: $4,573,993 - Cheif Medical Director
Germano: $4,812,107 - President specialty care

$64 Million going to 6 guys. In the next six months these guys will get even richer and many Pfizer employees will lose there jobs. Another way to look at it. $64 Million dollars would pay 640 employee's $100,000 a year.

They will lay off hundreds of pfizer employee's the stock will go up and they will get massive pay raises and stock options. The rich get richer and the middle class get further behind and the poorer get poorer.

Why don't these greedy executives with Tens if not Hundreds of Millions of dollars in their accounts and investment accounts agree to what the president of the United States gets paid for five years, keep americans employeed until the economy recovers and then they can go back to increasing their wealth at the expense of others.
 




Anonymous said:
Here is the 2010 summary compenstation table:

Kindler: $24,688,849 - Prior CEO
Read: $17,396,112 - CEO
D'Amelio: $6,500,073 - CFO
Dolsten: $5,903,686 - President R&D
Lewis Hall: $4,573,993 - Cheif Medical Director
Germano: $4,812,107 - President specialty care

$64 Million going to 6 guys. In the next six months these guys will get even richer and many Pfizer employees will lose there jobs. Another way to look at it. $64 Million dollars would pay 640 employee's $100,000 a year.

They will lay off hundreds of pfizer employee's the stock will go up and they will get massive pay raises and stock options. The rich get richer and the middle class get further behind and the poorer get poorer.

Why don't these greedy executives with Tens if not Hundreds of Millions of dollars in their accounts and investment accounts agree to what the president of the United States gets paid for five years, keep americans employeed until the economy recovers and then they can go back to increasing their wealth at the expense of others.
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Your post might carry a bit of credibility were it not full of typographical errors, and populist "...the rich get richer..." crap.

Yes, we know that some of those who reach the top take some nefarious advantages that they should not, but, by and large, corporate execs are there to run companies effectively.

Pfizer Senior Management, though, is largely corrupt, without ethical compass, and would cheat their mothers if it meant another dollar in their bank accounts.
 




Where are all the great ones? The type who would work for $1 a year until they turned the company around? Lee Iacocca and others like him. Why do we have to have such shitty greedy people running this company. Damn them! They are all millionaires many times over. How about sending a message that you CARE????
 




Pfizer executives do care........but only about themselves.

One hundred years ago, corporate leaders understood the need to build great social value while building great economic value. They acted on that and supported their communities with bricks and mortar projects. You only have to look around your city to see that legacy. Today the concept of doing more than getting rich is denounced by the right as unacceptable socialism. Share the wealth? Forget it!!!!!!
 








Were did you get such percise compensation information. It woud be interesting to know what the averate annual compensation is for the average VP and Sales Director.
 












Anonymous said:
Your post might carry a bit of credibility were it not full of typographical errors, and populist "...the rich get richer..." crap.

Yes, we know that some of those who reach the top take some nefarious advantages that they should not, but, by and large, corporate execs are there to run companies effectively.

Pfizer Senior Management, though, is largely corrupt, without ethical compass, and would cheat their mothers if it meant another dollar in their bank accounts.
Click to expand...

You're pretty inconsistent. It's completely inappropriate to pay yourself 100's of times more than your rank and file employees. The first poster was correct, the exec. team will lay off thousands of employees and reward themselves with large bonuses. If you lay off employees it means you haven't done a good job of feeding your pipeline. That's why you don't need employees. Why do you deserve a bonus for mediocricy?

I agree with your second point.
 








Anonymous said:
So, who cares? People on welfare think you make to much, OP.
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Back in the 50-80's the top 1% of earners made 8% of the total income in this country. Now the top 1% make 26% of the total income. I am not a socialists but these numbers are not sustainable and will lead to a total collapse of our economy.
 




The problem with corporate america today is that the fortune 500 companies today are not owned by any individuals. The exeuctives don't give a shittt about the company they work for. They are just trying to bleed as much money out of them and split. Almost everybody from middle management down are just trying to justify their jobs everyday. Other than R&D the pharma industry is just a bunch of do nothing jobs. Sales people in pharma are the biggest bottom feeders around. If you sell a cancer med you are hoping a lot of people get cancer. If you sell an Antiobotic you hope people get sick and put in the hospital. You hope more people have heart disease. you hope more people are mentally ill. The list goes on and on. The sad thing is most people put on your meds don't even need your meds. However, you will take their money until its gone. What skills do you people really have? You are all overpaid lunch delivery boys & girls. Management is a bunch of ignorant sellouts. Your Senior management is full of greedy executives. What will you do when you get your pink slips for Christmas this year.
 








Today's ultimate irony relates to the embedded tradition in this country that management would look to the long-term future and consequently would be in a constant battle with the so-called "rank and file" who, on the other hand, supposedly cared nothing for the long-term future and were largely driven by short-term greed. Examine the magnitude of the pay difference between top and bottom, and the pay-for-poor-performance schemes that seem to be on autopilot, and ask who is the greedy and who cares more about long-term survival now? Many European-based firms have labor (meaning all non-executive workers) functionally represented on BODs simply because those workers that want to make a career out of a job actually have more vested interest in long-term vitality and proper balance than America's Fortune 500 executive teams and BODs. Irony indeed for most Americans.
 




Yes,the salaries are impressive. With hard work and talent maybe we all can strive to get there one day. Let's face it. For the work we do ,for the talent we have and for the hours we put in, we are extremely well compensated. Many would love to have our jobs. We are very fortunate and should put this all in perspective. Class warfare,petty jealousy and a victimization attitude will not make us better nor happy. I thank Pfizer for my unbelievable position and opportunity. I never expected to be employed by a poor man.
 




Why is it that when the level of top executive's compensation relative to the median is pointed out as being ridicuously out of touch with reality, the old "class warfare" saw gets rolled out. Everyone knows that the extraordinary years of pharma are behind us. The average worker wants to know why top management still commands absurd compensation while the rest of the work force can not even be sure that their livelihood will even be around next year. There is class warfare going on right now already if you only just look at the data. And the mega-rich have a hefty headstart and the means to purchase all the political protection that money can buy.
 




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