Cardinal Health CEO collects $45 million but turns down bonus
Cardinal Health CEO George Barrett (left) made $45 million last year. Photo: Evan Vucci / AP
George Barrett, CEO of drug distributor Cardinal Health, declined a $500,000 bonus after his company's rough year, in which profit fell "largely as a result of the challenging generic pharmaceutical pricing environment," according to a Securities and Exchange Commission filing put out on Thursday. Lower generic drug prices are positive for consumers, but not for the companies that deliver them and get a cut of the price.
Yes, but: Barrett still made almost $45 million, after calculating vested stock.
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