Emergent BioSolutions hands out bonuses
Bonus may be a bad word right now — but not for a biotech that is actually making money.
Alongside minimal pay raises, execs received bonuses in 2008 that increased anywhere from 5 percent to 43 percent from their 2007 bonuses. Fuad El-Hibri got the lowest increase, but the highest bonus at $323,250. The highest increase was doled out to Kyle Keese, who took home a $96,460 bonus for 2008.
Though, at least one manager’s perk wasn’t quite so perky last year. Robert Kramer, who stepped down in January as head of Emergent’s manufacturing subsidiary and instead will manage a contract that the company hopes to nail with the federal Government year, got a 48 percent decrease in his bonus from 2007, bringing his 2008 figure to $78,815…
