U.S. states fight bonus pay for Craig Landau, CEO of OxyContin-maker Purdue Pharma by tomhals
- 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 of 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. Purdue said in a statement that the long-standing bonus plan will help motivate employees to maximize the value of the company and noted that it had worked with creditors to reduce the cost of the plan by $10 million.
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