Baldwin Leads Colleagues to Urge Judge to Reject $3.5 Million Bonus for CEO of Bankrupt Purdue Pharma
Executives Involved in Wrongdoing Should Not be Paid Before Families Devastated by the Opioid Company's Actions, Senators Say
WASHINGTON, D.C. – U.S. Senator Tammy Baldwin today led her colleagues in sending a letter to Judge Robert D. Drain, urging him to reject Purdue Pharma’s proposal to pay President and CEO Craig Landau a bonus of up to $3.5 million.
Purdue’s opioid marketing campaignaccelerated an opioid epidemic that has claimed an estimated 400,000 lives. The campaign generated$35 billion in revenue for Purdue and likely significant incentive bonus compensation for Mr. Landau for achieving ambitious opioid sales targets. The Senatorsraise new concerns regarding company practices that took place during Mr. Landau’s tenure, and highlight how the company has continued to promote their opioid products, despite multiple lawsuits and thousands of personal injury claims.
The full letter is available here.
An online version of this release is available here.
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