Updated Mar. 7, 2013 at 10:35 a.m.

Premium Lock Glaxo CEO's pay package plunges 45% in 2012

Published: 2013-03-07 10:22:00
Updated: 2013-03-07 10:35:15

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Chart shows slashing of GSK CEO's compensation Chart in GSK annual report shows slashing of GSK CEO's compensation. Image 1 of 2 · Next Image…

GlaxoSmithKline's top executive Andrew Witty and the drug giant's chief financial officer take substantial reductions in compensation for 2012 as European market woes take a bite from GSK's bottom line. Meanwhile, the head of R&D becomes the top paid executive....

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Most of these people are grossly overpaid in the first place.
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