CEO pay still high, but no longer a runaway train

Seeking to raise profits, the board of Mylan NV two years ago authorized an aggressive bonus program for its top executives if they could meet certain targets. Last year, when they beat those targets, the stock soared – briefly – and chief executive officer Heather Bresch saw her pay rise to $18.9 million, double what she got in 2013.

But one reason profits rose was that the pharmaceutical company doubled the price of its popular EpiPen, used to treat allergic reactions. When consumers started complaining, the stock fell back to earth and the company has scrambled to meet those concerns while scrutiny from Congress ratchets up.

By Laurent Belsie, Staff writer SEPTEMBER 5, 2016 , The Christian science monitor

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May to Outline U.K. Plans to Rein In Excessive Executive Pay

U.K. Prime Minister Theresa May will outline plans this fall to clamp down on “excessive” executive pay, after one of her lawmakers last week criticized high compensation levels for FTSE 100 bosses as “socially divisive.”

“To restore greater fairness, we will bring forward a consultation this autumn on measures to tackle corporate irresponsibility, cracking down on excessive corporate pay and poor corporate governance,” May told a news conference on Monday after the Group of 20 summit in Hangzhou, China. The proposals will also include giving employees and customers representation on company boards.

By Eddie Buckle  @EddieBuckle
September 5, 2016 — 8:47 AM EDT, BLOOMBERG
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