businessinsider.com - Business Insider
If you blinked, you may have missed it — a lot of politicians did. It's the part of incoming Valeant Pharmaceuticals CEO Joe Papa's pay package that makes it a dangerous deal. Bloomberg reported Wednesday that Papa agreed to a $67 million pay package. But that's not the most important part here. If Valeant's shares reach a price of $270, Papa will get stock equaling $500 million. That's right. If Papa manages to get the embattled company's stock up by eight times its current level, he'll take .. show all text
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