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Big Pharma is urged to report on links between pricing and pay

Pharmaceutical companies should be required to regularly report whether theres a link between drug-pricing strategies and executive-compensation plans, according to a shareholder group.

By Alicia Ritcey | Updated on December 14, 2017
The annual bonuses of CEOs in five large pharmaceutical companies is tied in part to revenue and earnings; the average awarded pay was $19.2 million. (Photo: Shutterstock)

Pharmaceutical companies should be required to regularly report whether there’s a link between drug-pricing strategies and executive-compensation plans, according to a shareholder group.

The Interfaith Center on Corporate Responsibility, a coalition of institutional investors with more than $400 billion of assets, said in a statement Wednesday that it submitted proposals for inclusion at the 2018 annual meetings of Abbvie Inc., Amgen Inc., Biogen Inc., Bristol Myers Squibb Co. and Eli Lilly & Co.

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