If Moderna gets bought out and its CEO leaves, he’s in for a large payday.
reports that CEO Stephane Bancel’s ‘golden parachute’—an exit package for a CEO should they get fired or dismissed if the company is bought out—skyrocketed to more than $926 million at the end of last year. The numbers were released earlier this week as part of the company’s annual proxy report. The bulk of the funds, about $922 million, comes from the company’s stock, which soared over the last two years as Moderna worked to develop a COVID-19 vaccine.
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