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SHAMELESS

Forums Cutaneous Melanoma Community SHAMELESS

  • Post
    boot2aboot
    Participant

       

       

      Bristol-Myers Squibb Co. (BMY) Chief Executive Officer Lamberto Andreotti received a 27 percent increase in total compensation after a new skin cancer drug gained approval and contributed to higher sales and profits.

      Andreotti’s total compensation rose to $14.9 million in 2011 from $11.8 million a year earlier, according to a regulatory filing. The pay included a bonus of $4.2 million related to the company’s financial results, share price increase and the start of sales for the melanoma drug Yervoy, according to the filing. Andreotti also received an 11 percent base salary increase to $1.5 million effective April 1, 2011, “to bring him closer to competitive market levels,” the company said in the filing.

      The higher pay for Andreotti reflected, among other things, his leadership in “delivering the strong 2011 financial results” such as annual earnings per share of $2.28 that exceeded a target of $2.14 a share and “executing the Yervoy launch,” the company said in the March 9 filing with the U.S. Securities and Exchange Commission.

      Bristol-Myers loses patent exclusivity on its best-selling drug Plavix later this year. It is counting on new drugs such as Yervoy to replace the expected reduction in revenue. The melanoma treatment was approved in March 2011 and generated $360 million in sales last year. Bristol-Myers in January agreed to purchase Inhibitex Inc. for $2.5 billion to gain its hepatitis C drug as part of its “string of pearls” strategy to develop new products through acquisitions.

      The New York-based drugmaker also ended a one-year salary freeze for all employees in 2011, the company said in the filing.

    Viewing 5 reply threads
    • Replies
        jim Breitfeller
        Participant

            boot2aboot
            Participant

              Ha! Ha! May Lamberto get stage 4 mel…and get a taste of his own (expensive medicine)

              boots

              CaliforniaCaregiver
              Participant

                I wouldn't wish MEL on ANYBODY!!! What goes around comes around.

                boot2aboot
                Participant

                  naw, it ain't true what comes around so stop your california dreamin,,,,just look at all the crap bad guys in history did AND got away with it along with bags of money -quit repeating an old wives tale that keeps us from doing what should be done because we are scared of fictitious boogeymen.-i'm stage 4 so what do i have to be scared of anymore? i can say and do ANYTHING now…i can be heroic or be a dum-as…doesn't matter…and you'd be pissed at this guy too if your insurance company denied treatment because of the ridiculous price tags…not to mention making money of desperate people who were HEROS going through clinical trials…where is thier bags of money? oh…can't take it with you…sorry

                  but, let's get serious…what Lamberto has to understand is that it is ok to be greedy, but overstepping is going to cost big pharma…big time…because then, reformists are going to point fingers and  rein it in and then there will be no new drugs for us…

                  boots

                  boot2aboot
                  Participant

                    naw, it ain't true what comes around so stop your california dreamin,,,,just look at all the crap bad guys in history did AND got away with it along with bags of money -quit repeating an old wives tale that keeps us from doing what should be done because we are scared of fictitious boogeymen.-i'm stage 4 so what do i have to be scared of anymore? i can say and do ANYTHING now…i can be heroic or be a dum-as…doesn't matter…and you'd be pissed at this guy too if your insurance company denied treatment because of the ridiculous price tags…not to mention making money of desperate people who were HEROS going through clinical trials…where is thier bags of money? oh…can't take it with you…sorry

                    but, let's get serious…what Lamberto has to understand is that it is ok to be greedy, but overstepping is going to cost big pharma…big time…because then, reformists are going to point fingers and  rein it in and then there will be no new drugs for us…

                    boots

                    boot2aboot
                    Participant

                      naw, it ain't true what comes around so stop your california dreamin,,,,just look at all the crap bad guys in history did AND got away with it along with bags of money -quit repeating an old wives tale that keeps us from doing what should be done because we are scared of fictitious boogeymen.-i'm stage 4 so what do i have to be scared of anymore? i can say and do ANYTHING now…i can be heroic or be a dum-as…doesn't matter…and you'd be pissed at this guy too if your insurance company denied treatment because of the ridiculous price tags…not to mention making money of desperate people who were HEROS going through clinical trials…where is thier bags of money? oh…can't take it with you…sorry

                      but, let's get serious…what Lamberto has to understand is that it is ok to be greedy, but overstepping is going to cost big pharma…big time…because then, reformists are going to point fingers and  rein it in and then there will be no new drugs for us…

                      boots

                      CaliforniaCaregiver
                      Participant

                        I wouldn't wish MEL on ANYBODY!!! What goes around comes around.

                        CaliforniaCaregiver
                        Participant

                          I wouldn't wish MEL on ANYBODY!!! What goes around comes around.

                          boot2aboot
                          Participant

                            Ha! Ha! May Lamberto get stage 4 mel…and get a taste of his own (expensive medicine)

                            boots

                            boot2aboot
                            Participant

                              Ha! Ha! May Lamberto get stage 4 mel…and get a taste of his own (expensive medicine)

                              boots

                            jim Breitfeller
                            Participant

                              jim Breitfeller
                              Participant

                                Linny
                                Participant

                                  Now, now, aren't we being a little hard on a man who can't manage to live on an $11.8 million salary and needed a $3.1 million increase to make ends meet? cheeky

                                  NOT!

                                  Their greed never ceases to amaze me.

                                    Erinmay22
                                    Participant

                                      This is a double edged sword…  it stinks that these guys get paid SO much money…  but on the other hand its motivation for them to do more research and testing.  

                                      boot2aboot
                                      Participant

                                        doesn't this guy look straight up mob boss? gad, he even looks as SLEEZY as his wallet size…look at him smirking all the way to the bank…HE is going to cause the feds to step on big pharma big time because of his crummy outrageous greed and you know what that means…no more new drugs…think about it…how many pharma companies have merged recently? and when did a great Mel new drug come from outside the US?

                                        boot2aboot
                                        Participant

                                          doesn't this guy look straight up mob boss? gad, he even looks as SLEEZY as his wallet size…look at him smirking all the way to the bank…HE is going to cause the feds to step on big pharma big time because of his crummy outrageous greed and you know what that means…no more new drugs…think about it…how many pharma companies have merged recently? and when did a great Mel new drug come from outside the US?

                                          boot2aboot
                                          Participant

                                            doesn't this guy look straight up mob boss? gad, he even looks as SLEEZY as his wallet size…look at him smirking all the way to the bank…HE is going to cause the feds to step on big pharma big time because of his crummy outrageous greed and you know what that means…no more new drugs…think about it…how many pharma companies have merged recently? and when did a great Mel new drug come from outside the US?

                                            Erinmay22
                                            Participant

                                              This is a double edged sword…  it stinks that these guys get paid SO much money…  but on the other hand its motivation for them to do more research and testing.  

                                              Erinmay22
                                              Participant

                                                This is a double edged sword…  it stinks that these guys get paid SO much money…  but on the other hand its motivation for them to do more research and testing.  

                                              Linny
                                              Participant

                                                Now, now, aren't we being a little hard on a man who can't manage to live on an $11.8 million salary and needed a $3.1 million increase to make ends meet? cheeky

                                                NOT!

                                                Their greed never ceases to amaze me.

                                                Linny
                                                Participant

                                                  Now, now, aren't we being a little hard on a man who can't manage to live on an $11.8 million salary and needed a $3.1 million increase to make ends meet? cheeky

                                                  NOT!

                                                  Their greed never ceases to amaze me.

                                              Viewing 5 reply threads
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