Akorn CEO Raj Rai's 2018 pay jumps 89% to $7.9M
Akorn reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Akorn reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five Akorn executives received on average a compensation package of $3.3M, a 81% increase compared to previous year.
Average pay of disclosed executives at Akorn
Raj Rai, Chief Executive Officer, received $7.9M in total, which increased by 89% compared to 2017.
For fiscal year 2018, the median employee pay was $52,434 at Akorn. Therefore, the ratio of Raj Rai's pay to the median employee pay was 151 to one.
Bruce Kutinsky, Chief Operating Officer, received a compensation package of $3.4M, which increased by 70% compared to previous year. 46% of the compensation package, or $1.6M, was in stock awards.
Joseph Bonaccorsi, General Counsel, earned $2.1M in 2018, a 33% increase compared to previous year.
Duane A. Portwood, Chief Financial Officer, received $1.7M in 2018, which increases by 5% compared to 2017.
Jonathan Kafer, Executive Vice President, Sales and Marketing, earned $1.2M in 2018, a 63% increase compared to previous year.
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Source: SEC filing on March 22, 2019.