News Formal

Carl Icahn blasts Illumina for nearly doubling CEO’s pay despite steep drop in market value

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Activist investor Carl Icahn ramped up his proxy fight against Illumina with a blistering statement.

Illumina

"And what is really funny is the idea that it is hard to find good CEOs in this area," the activist investor added. "I guess it would be hard to find someone who could lose $50 billion of shareholder value in a matter of months yet still get paid 87% more for a grand total of $26.8 million in 2022."DeSouza stepped in as CEO in 2016 after serving as the DNA sequencing company's president for almost three years. He was awarded nearly $26.

The company also claimed Icahn had more favorable things to say about its current CEO before launching the proxy fight.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CEOs are quietly backtracking on remote work—and more companies could followMajor corporations including Disney, Twitter and Starbucks are requiring employees to spend more time at the office.
Source: CNBC - 🏆 12. / 72 Read more »