Regeneron CEO's pay drops 95%—but that shouldn't come as a shock

After a pair of monumental payouts in 2020, the compensation packages for Regeneron’s top executives have come back down to Earth.

Regeneron's CEO, Leonard Schleifer, M.D., Ph.D., collected a total of $6.47 million in 2021 pay, a whopping 95% decrease from the $135 million he made the year before, a proxy filing shows.