AKORN reports 2017 executive compensation

CEO Raj Rai receives $4.2M

AKORN reported fiscal year 2017 executive compensation information on November 21, 2018.

In 2017, six AKORN executives received on average a compensation package of $1,793,208, a 37% decrease compared to previous year.

Average pay of disclosed executives at AKORN

Raj Rai, Chief Executive Officer, received $4,195,219 in total, which decreased by 41% compared to 2016. 79.55% of Rai's compensation, or $3,337,274, was in stock awards. Rai also received $857,000 in salary and $945 in other compensation.

Bruce Kutinsky, Chief Operating Officer, received a compensation package of $1,984,018, which decreased by 21% compared to previous year. 74.04% of the compensation package, or $1,469,044, was in stock awards.

Duane A. Portwood, Chief Financial Officer, earned $1,619,440 in 2017, a 18% decrease compared to previous year.

Joseph Bonaccorsi, General Counsel, received $1,578,396 in 2017, which decreases by 37% compared to 2016.

Jonathan Kafer, Executive Vice President, earned $707,425 in 2017, a 41% decrease compared to previous year.

Steven Lichter, Former Executive, received $674,750 in 2017, which decreases by 59% compared to 2016.