Name and Office Award ($) Rajesh C. Shrotriya, M.D. 900,000 Chairman and Chief Executive Officer Joseph W. Turgeon 330,000 President and Chief Operating Officer Kurt A. Gustafson 225,000 Executive Vice President and Chief Financial Officer Lee F. Allen, M.D., Ph.D. 270,000 Chief Medical Officer on the foregoing assessment of the Company's performance, the Committee, on February 18, 2015,
don't forget to look for the 2 year change of control package for good ol Joe T announced yesterday as well!!!! way to go Joe. Keep living the dream in FL and work part time.
3 business days before the announcement that spectrum lost patent protection lawsuit of Fuseliv their highest revenue generating drug which is more than 50% of the company revenue. And nothing lined up or performing to fill the gap yet. Now what? Interesting timing to award executives with a cash parachute.
Layoffs coming soon. Need to conserve that cash to pay those well deserved bonuses. Stupidity and corruption abounds!
Lee Allen getting a penny is hiliarious. What has the guy done but put me to sleep with his blabbering at national meetings. Somebody please cut this guys time to 10 mins. He talks about everything he is going to do but there is a reason he is at Spectrum and not CelGene, Gtech, etc... He has not brought 1 product to market. Problem with this company there are too many titles, too many ppl who have jobs with no accountability on what they are doing, etc.. A lot of fat at the top for a company with soon to be less than 100 million in annual sales Trim the fat from the top. We are so dam top heavy its repulsive.
Check your facts. Dr. Allen has brought 3 products to market in the US, 1 in Europe, and another on the way in the US. You're probably bored with his talks because you lack the background to understand the science behind his presentations.
Please share the products? I have left but from what I know everything was already in process by either Topo Target (Beleodaq) Talon (Marqibo) and other company don't know name (Evomela) So can you please share specifically the product Dr. Allen has brought to the market solely by himself and with the help of only Spectrum idiots?
Avi will always be there. He is good friend of with Dr Raj's son. He is like a family. Everyone puts up with him.
He should not until he hires the right people. The fact that they can't stand up to him indicates why they are not the right fit.
