Mr. Frazier's 2014 Compensation

Wall Street Journal reports Merck's CEO total compensation rose sharply in 2014 to $25 million.

 

His metric for 2015 will be over 32 million if the financials are on target at year end. They will be due to downsizing and price increases. The overall cost of pharmaceuticals in 2014 increased by 13% thanks to Obamacare.

 

Whoa, hold on a second, you mean that bible size piece of legislation called the ACA, that was held up by all the high priests and priestesses' in DC as the answer to all our healthcare needs caused pharmaceutical costs to increase by 13%? Next you'll be telling me that the plan is just one big federal expansion of Medicaid and that people who weren't given subsidizes are stuck with high premium/high deductible plans that very few healthcare providers will even accept. I just cant believe that our great leader would do us like that

 

A wiser man I have never met! Just think, we are paying for this sxxt more ways than one!

 

Consider for a moment the tens of thousands of former Merckies and their tens of thousands family members. All of those people get dragged through the mud while that worthless POS actively destroys this company and gets paid $25MM for it. It's like what Obama is doing to America. It's sickening.

 

If you subtract weekends, holidays and vacation days that comes down to over $113K PER DAY. We need to sell a lot of pills today to support that habit.

 

Since when has the overall cost of pharmaceuticals ever declined?
Pharma costs have risen every year with or without Obamacare.
Cut the baseless propaganda.

On the other hand, Frazier's "metric" is outrageous.
Keep your eye on the true travesty---the ever widening pay gap between upper management and the work force. They fill their nests with golden eggs by downsizing lower level employees and cutting benefits for the wee folks. Their incentives and benefits packages get bigger every year, and employees are completely dispensable. .

PS: Is "metric" another example of inane business lingo, like "stakeholder" and "business driver"? If so, you've contracted the same sickness as the ilk at HQ.

 

Now I know how Blue Star felt after Gordon Gecko was done trying to harvest the money out of the company and fleecing the employees. "Greed Is Good" -- G. Gecko

 

And there's a problem with this....how/where?

It is the capitalistic way. If the masses weren't so lazy they'd be taking advantage of all the opportunities that corporations allow.

Don't hate the rich~~they're people too.

 

Frazier and his ilk are all pure human shit. They should be ashamed to take that kind of money while they're destroying the lives of their employees.

 

Don't hate the player, hate the game!

KF

 

you see it all too clearly my friend…great post…

God Help Us…

oh…and FU MERCK

 

How bad is it at Merck that an attorney CEO can be paid a compensation package of $25,000,000. per year? His navigation of the Vioxx debacle with the Feds must have been the tip of the iceberg. What other risk management skills does KF bring to the table to justify this cost to the company? Whatever he does, he must really be good at it that the board wants to keep him around. Damage Control Expertise??

 

You don't understand a f..king thing, he is paid what he can get. Get off your whiney ass and but a single stock, go to the stock holders meeting, get to the micriphone and spill beans. If you can't or won't do it screw you. You deserve all you put up with!

 

you mean to tell me that listle reggin scammed that amount of money? Turns my stomach
This place sucks the big one
And there's nothing anybody can do about it

 

"Reggin"

I get it

I love it

 

Wow harsh.

 

wah, wah, wah~~the company won't give me what I want and is paying the CEO too much money.

Don't you understand, that corporations are people too!

If you're so important and have so much to give to the company, then get off your duff and prove it.

Otherwise, shut up and sit down and wait your turn at the revolving door to unemployment.

You're nothing more than one of those 47% that just take and take, without giving anything of value.


Mitt

 

The problem isn't the fact that a CEO makes $25 million or $100 million ( one could make the argument that Bill Gates is underpaid). The issue is high paid CEOs who continue to pilfer companies that they are running into the ground while at the same entering into unholy alliances with government, something the pharma world has embraced wholeheartedly. Fact is, we got into bed with these bastards and their doing their best Fifty Shades of Grey act on all of us. Until people wake up an realize the ramifications of socialized medicine on every aspect of our lives (and yes that includes your job), kick these aholes in the nuts, you better get use to life in the red room (frankly I would rather not spend the rest of my working life in mommy porn land)

 

No, no, no. He doesn't get paid $25MM. He gets paid $25MM……EVERY YEAR. He truly is a soulless, evil, piece of sh-t to even consider accepting that after f--king over scores of thousands of people here at Merck.