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Purdue CEO’s Proposed Bonus Payment Draws Ire From States

Dec. 3, 2019, 1:29 PM

A group of states doubled down its opposition to a proposed bonus for the chief executive officer of bankrupt Purdue Pharma LP in light of lawsuits that seek to hold the executive, Craig Landau, liable for damages caused by opioids.

  • Purdue is seeking approval to continue an existing annual bonus program under which the average payout would be $51,186: filing
    • Purdue “continues to be a difficult place to work” and employees in recent weeks received an “unprecedented barrage” of calls from recruiters, Chief Financial Officer Jon Lowne says in a court declaration
  • But Landau should be excluded from those ...