NEW YORK — The International Brotherhood of Teamsters urged McKesson Corp's shareholders to vote against the company's executive pay practices and called for it to appoint an independent chairman as the union criticized the drug distributor for its role in the U.S. opioid drug epidemic.
McKesson Chief Executive John Hammergren was paid more than $20 million for the year ended March 31, despite the company's record $150 million settlement paid to resolve a U.S. investigation into whether it failed to report suspicious orders of addictive painkillers.
"Recent pay decisions ... send completely the wrong message to shareholders, regulators, lawmakers and the public about executive accountability," the Teamsters wrote in a letter to other shareholders filed with the U.S. Securities and Exchange Commission on Monday.
