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Steven Collis, CEO of drug distributor AmerisourceBergen, made $14.7 million in his company's 2019 fiscal year based on the actual realized gains on his stock, according to new company disclosures.

The big picture: That amount was down from the $18.7 million Collis earned in 2018.

  • But it's still above industry average and comes as the company is mired in thousands of lawsuits that allege it contributed to the opioid epidemic by not properly monitoring the flow of painkillers.

The big picture: AmerisourceBergen distributed 13 billion opioid pills throughout the country from 2006 through 2014, according to the Washington Post — a fact that has put AmerisourceBergen and other distributors in court.

By the numbers: A $1.9 million cash bonus was included within Collis' total. That bonus was based solely on three adjusted financial metrics and did not factor in quality or the opioid litigation.

  • An AmerisourceBergen spokesperson did not respond to questions about whether the bonuses were appropriate given the company's legal troubles, but said in a statement the company's compensation structure does "not incentivize unnecessary risk-taking."

Go deeper:

Go deeper

Americans are super-sizing their holiday travel

Illustration: Sarah Grillo/Axios

Americans are rushing back into holiday travel, and many are taking even longer trips now than they did before the pandemic began.

The big picture: After skipping Thanksgiving and Christmas gatherings last year, many people are eager to maximize this year's celebrations with friends and family. And flexible remote working arrangements make that easier than ever.

Updated 17 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."