The Pharma Job from Hell: Low Salary to Fix Sinking Giant Teva

Feb. 8, 2017, 7:48 PM UTC

The world’s biggest maker of generic drugs is looking for a new CEO to oversee one of the toughest turnaround jobs in the industry.

The only thing that probably won’t be big about the role is the pay: Teva Pharmaceutical Industries Ltd.’s outgoing chief executive officer, Erez Vigodman, earned $5.7 million in 2015, making him the second-lowest paid CEO among rivals tracked by Bloomberg with at least $20 billion market value.

Vigodman’s successor has ...

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