Pfizer CEO Gets 12.5% Raise for Successful Lobbying
Thursday, March 11, 2010
Jeff Kindler
As head of the nation’s largest pharmaceutical company, Pfizer CEO Jeff Kindler has lobbied long and hard on behalf of his corporation, and been handsomely rewarded for his efforts. Kindler earned a 12.5% pay increase, elevating his salary to $1.8 million and his total compensation to nearly $15 million, for his lobbying, which included six visits last year to the White House.
According to Pfizer’s filing with the Securities and Exchange Commission, Kindler was effective in “developing and advancing U.S. and global public policies that serve the overall interests” of the company, which included “constructive participation in the U.S. legislative process to advance Pfizer’s goals.” He was also credited for helping keep imported prescription drugs out of the U.S. market.
-David Wallechinsky
Load Up 'Reform' With Corporate Welfare, Get a Raise (by Timothy P. Carney, Washington Examiner)
Pfizer Proxy Statement (Securities and Exchange Commission)
Visitor Records (White House)
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