Anonymous ID: 3c9a6d Dec. 2, 2019, 4:40 p.m. No.7415258   🗄️.is đź”—kun   >>5301 >>5524

State AGs fight bonus pay for CEO of OxyContin-maker Purdue

 

The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday.

The attorneys general from 24 states said Craig Landau should not collect a bonus that would lift his pay to $3.9 million because of his alleged role in downplaying the risks of Purdue’s drugs.

 

The filing also said Purdue increased Landau’s potential pay in 2018 “in preparation for the filing of this case,” and possibly to circumvent the bankruptcy code’s restrictions on such bonuses.

 

Purdue declined to comment.

 

Purdue is on track to pay $24 million in bonuses to eligible employees based on its 2019 performance so far, the company said in a Monday filing. However, Purdue said that to get support for its bonus plan it would limit Landau’s potential bonus to 50%, or $1.3 million of his $2.6 million base pay. Other employees would still get their target bonus.

 

The attorneys general said documents that have not been made public tie Landau to the alleged misconduct by the Sackler family owners of Purdue.

 

The filing said documents from a Massachusetts lawsuit against Purdue show Landau wrote a 2017 proposal entitled “Sackler Pharma Enterprise” aimed at seizing on rivals’ concerns about the opioid epidemic to increase Purdue’s business.

 

A few weeks later, the Sacklers made him CEO, according to the filing. The attorneys general also alleged that Purdue in 2018 gave Landau $6 million in retention payments that were not due until 2020 and 2022, and raised his annual salary in 2018 to $2.5 million, citing a lawsuit by the state of Colorado.

 

The official committee of unsecured creditors supported the bonus plan for Landau, once his target payment had been reduced. Purdue filed for Chapter 11 bankruptcy in White Plains, New York, in September to allow it to put on hold thousands of lawsuits while it tries to build support for its proposed settlement, which it has said is worth $10 billion.

 

The company has been sued mostly by state attorneys general and local governments, which accuse it of hyping the benefits of its drugs while masking the risks. Purdue has denied the allegations. The proposed settlement includes a contribution of at least $3 billion by the Sacklers.

https://www.oann.com/state-ags-fight-bonus-pay-for-ceo-of-oxycontin-maker-purdue/

Anonymous ID: 3c9a6d Dec. 2, 2019, 4:57 p.m. No.7415468   🗄️.is đź”—kun

Best Buy Founder/10% owner sold $119.12m-Nov 27-29

 

Best Buy Company specializes in retail distribution of consumer electronic products and entertainment products. The group provides primarily computing products (computers, peripherals, software), hi-fi products (televisions, DVD players, etc.), cameras, mobile phones, audio systems and home appliances (washers, refrigerators, etc.).

Net sales break down by area of activity as follows:

  • the United States (91.7%): activity insured, at 02/02/2019, through a network of 1,026 stores distributed by names mainly between Best Buy (997) and Pacific Sales (21);

  • Canada (7.5%): 177 stores distributed between Best Buy (132) and Best Buy Mobile (45);

  • other (0.8%).

Products are also marketed through Websites (primarily Bestbuy.com, BestBuyMobile.com, GeekSquad.com, MagnoliaAV.com, PacificSales.com, and FutureShop.ca).

Number of employees : 125 000 people.

 

Richard Schulze Family Foundation

https://www.schulzefamilyfoundation.org/

 

https://www.finviz.com/insidertrading.ashx?oc=1006394&tc=7

Anonymous ID: 3c9a6d Dec. 2, 2019, 5:29 p.m. No.7415756   🗄️.is đź”—kun

Uber former CEO/co-founder sold $93.39m- Nov 27-29 and Dec 2

 

has sold $1.8b since Nov 6th

cap #2

https://www.finviz.com/insidertrading.ashx?oc=1732125&tc=7&b=2

 

 

>>7415634

not going to burn a post individually responding to your stupidity. Have utmost respect for FLOTUS-using that as a reason is weak at best….she is beautiful and many other woman do not have a closed mind like you do.

My wife has posted bewbs in here, not her's but is fully on-board with this. Get a grip anon