Akorn CEO Raj Rai's 2017 pay falls 41% to $4.2M

Akorn reports 2017 executive compensation

Published: December 31, 1969

Akorn reported fiscal year 2017 executive compensation information on December 31, 1969.

In 2017, six Akorn executives received on average a compensation package of $1.8M, a 37% decrease compared to previous year.

Average pay of disclosed executives at Akorn

Raj Rai, Chief Executive Officer, received $4.2M in total, which decreased by 41% compared to 2016. 79.55% of Rai's compensation, or $3.3M, was in stock awards. Rai also received $857K in salary and $945 in other compensation.

Bruce Kutinsky, Chief Operating Officer, received a compensation package of $2M, which decreased by 21% compared to previous year. 74.04% of the compensation package, or $1.5M, was in stock awards.

Duane A. Portwood, Chief Financial Officer, earned $1.6M in 2017, a 18% decrease compared to previous year.

Joseph Bonaccorsi, General Counsel, received $1.6M in 2017, which decreases by 37% compared to 2016.

Jonathan Kafer, Executive Vice President, Sales and Marketing, earned $707.4K in 2017, a 41% decrease compared to previous year.

Steven Lichter, Former Executive Vice President, Pharmaceutical Operations, received $674.8K in 2017, which decreases by 59% compared to 2016.