Valeant chief paid $62.7 million last year.
Valeant Pharmaceuticals International Inc. CEO Joseph Papa took in $62.7 million in pay last year as he navigated the fallout from accounting problems, a near debt default and investigations by Congress.
The drug-industry vet was tapped to take over the embattled Canadian company in May and sought to rebuild investor confidence and remake the business after a series of missteps.
The bulk of Papa’s pay— $42 million—came from stock awards, while $9.1 million came from bonuses.
Papa’s pay was more than five times higher than what he had earned in 2015 at the helm of Perrigo Co., but less than half of the $141.6 million Valeant’s former CEO Michael Pearson was paid at in 2015.