As Elderly Struggle To Pay High Prescription Costs, Drug Company Offers $200 Million Dollar Retirement To CEO
Corporate arrogance and lack of accountability is alive and well in America. After stockholders were angered at Pfizer for offering a huge retirement package to former CEO Henry A. McKinnell, and helped to force him out of the CEO position, new papers filed with the SEC show that McKinnell will get every cent of a $180 million retirement package beginning in July, plus a possible $18.5 million more contingent on future Pfizer stock performance.
Investors in the stock market are shortchanged on dividends when huge sums of money flow into the pockets of corporate executives and out of the company, and elderly persons struggle to purchase vital prescription drugs, cutting back on food or splitting pills in half to help make ends meet, while many dollars are added to the cost of every single prescription to pay for corporate greed and salaries that reach into the heavens. Even Scrooge himself could hardly do one better than Pfizer this Christmas season. Christmas for one former CEO; a lump of coal for everyone else.