Purdue CEO Gets Nearly $3 Million Bankruptcy Bonus Plan Approved

A New York federal judge approved a request to pay Purdue Pharma LP’s CEO up to nearly $3 million in annual performance incentive pay as the drugmaker seeks approval of a retooled bankruptcy plan.

Purdue’s 2025 key employee bonus program is consistent with prior iterations going back five years over the course of the company’s Chapter 11 case, and acceptable in this instance, Judge Sean H. Lane of the US Bankruptcy Court for the Southern District of New York said at a hearing Wednesday.

The proposed incentive plan, which was already approved for other company executives earlier this month, arrived ...