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Purdue Pharma Boss to See His Bonus Slashed by $500,000

June 15, 2022, 3:51 PM

US Bankruptcy Judge Robert Drain on Wednesday said he would approve a proposal to pay Purdue Pharma LP Chief Executive Officer Craig Landau a bonus of as much as $2.5 million if certain performance targets are met.

  • The maximum payout was slashed by $500,000 as part of a compromise with a group of US states which don’t want Landau leading Purdue
  • Drain said he will approve the revised proposal in a bankruptcy hearing Wednesday, his last hearing overseeing the case before retiring later this month
  • Previously: Purdue Creditors Push Plan to Give CEO’s Bonus to Opioid Victims
  • The case is ...