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, Sales and Marketing, earned $707,425 in 2017, a 41% decrease compared to previous year.
Steven Lichter, Former Executive Vice President, Pharmaceutical Operations, received $674,750 in 2017, which decreases by 59% compared to 2016.