Pfizer Awarded Two Top Execs Cash And Stock Bonuses (PFE)
Wed. October 28, 2009; Posted: 04:29 PM
Oct 28, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/28/2009 - Pfizer Inc. (NYSE:PFE) awarded two top executives cash and stock bonuses for their roles in helping to carry through the acquisition of Wyeth, according to a Reuters report. The company's CFO Frank D'Amelio will receive a $1.2 million award and the group president of Pfizer's biopharmaceutical business, Ian Read, will receive $1 million, according to the U.S. securities filing. The company said that the compensation committee of the board of directors "determined that these executives, in addition to carrying out their normal, ongoing responsibilities, devoted extraordinary efforts and made extraordinary contributions in addressing critical components of the transaction."
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