Here are the 17 highest-paid drug industry CEOs, including 2 execs who brought in $100 million-plus paydays in 2020
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Frazier is the only Black CEO among the drug industry giants and has routinely used his position to speak out against racial injustice, includingEli Lilly CEO David Ricks: $23,708,629After spending two decades climbing the sales ranks of Lilly, Ricks became CEO in 2017. He enjoyed a small pay bump from the year before, going from $21.2 million to $23.7 million in overall compensation., working with the Canadian biotech AbCellera to develop an antibody drug.
The Allergan acquisition will help AbbVie diversify away from Humira, the anti-inflammatory drug that has become the drug industry's all-time best-selling medicine. Even as Humira faces biosimilar competition in Europe, it still brought in nearly $20 billion in revenue in 2020. Running the world's largest healthcare company, Alex Gorsky saw one of the industry's largest paydays in 2020. Gorsky has been at J&J since 1988, climbing the corporate ladder from sales representative to CEO. His compensation package of nearly $30 million was 365 times larger than J&J's typical employee, who made $81,000 last year.. The company has pledged to sell doses during the pandemic on a not-for-profit basis.
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