Big Pharma under fire as CEO earned nearly $400 million in stock options & Got 50% Raise

Moderna under fire as CEO earned nearly $400 million in stock options & got 50% Raise

The National Institutes of Health gave $1.7 billion in taxpayer funding to Moderna to develop the COVID vaccine

By Madeleine Hubbard

Moderna is under fire after financial records showed the biotech company’s CEO Stephane Bancel earned around $393 million in 2022 from stock options he exercised as he received a 50% raise.

Bancel, whose firm is known for producing the COVID-19 vaccine, received $1.5 million in 2022, an increase of 50% from 2021, and Moderna increased his target cash bonus, a March securities and exchange commission filing shows.

The National Institutes of Health gave $1.7 billion in taxpayer funding to Moderna to develop the COVID vaccine, putting the CEO’s salary and stock options under scrutiny. Even with the funding, Moderna President Stephen Hoge said last month that he expects to raise the price of the company’s COVID vaccine to about $130 per dose.

After the SEC report was published, Bancel said he and his wife generated $393 million from the sale of stock options and they donated $176 million in after-tax proceeds to charity in 2022. Bancell still owns stocks worth at least $2.8 billion with additional stock-based compensation that was worth $1.7 billion by the end of last year, according to The Washington Post on Saturday.

The COVID pandemic contributed to the company’s rapid boom. At the beginning of 2020, before the outbreak of the pandemic, Moderna’s stock was valued at less than $19 a share. By Friday, Moderna’s stock hit more than $132 a share.

Sen. Bernie Sanders (I-Vt.) criticized Moderna in a Senate hearing last month about the company’s intentions to raise the vaccine price.

“In the pharmaceutical industry today, we are looking at an unprecedented level of corporate greed, and that is certainly true with Moderna,” he said.

Others online have criticized the company since the Post’s report. 

“Moderna’s billionaire CEO reaped nearly $400 million last year. He also got a raise. This guy should thank [Dr. Anthony] Fauci. What a joke,” tweeted former Trump 2016 campaign adviser Corey Lewandowski.

Madeleine Hubbard is an international correspondent for Just the News. Follow her on Twitter or Instagram.



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(TLB) published  this article  with permission of John Solomon at Just the News.  Click Here to read about the staff at Just the News

Header featured image (edited) credit: Moderna/shaddow hands/Getty Image

Emphasis and pictorial content added by (TLB) editors



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2 Comments on Big Pharma under fire as CEO earned nearly $400 million in stock options & Got 50% Raise

  1. Incredible and beyond discusting, politicians and big pharma can kill, lie, use fraude without shame.. and get filthy rich and rewarded after.

    But there are more who filled their pockets, hospitals, doctors, media outlets and “health” institutions, and highly likely the ministers of health worldwide were all in on the scam.

    And the world seems fine with it, nobody is in prison while millions have been injured or worse.

    30 plus BIOLABS in Ukraine, all from western companies but hey “look over here” Trump charges, trans rights, cLimate nonsense, 25 genders and WOKE inclusivity and diversity b*llsh*t.

    We need Neuremberg 2 for real – they need to swing.

  2. Moderna CEO Stéphane Bancel knew there was going to be a pandemic many months before the pandemic was declared by the WHO. What does that tell us? That tells us that the pandemic was/is a “Plandemic” and many people, including Bancel, should be investigated for crimes against humanity.

    Below is a clip from a March 6, 2023, World Economic Forum (WEF) video, when Moderna CEO Stéphane Bancel stated, matter-of-factly, that he knew in 2019 there was going to be a pandemic. The fact that the pandemic was not declared until the spring of 2020, suggests this is more proof that the pandemic was actually a “Plandemic” orchestrated at the highest levels of governments and non-governmental health organizations such as the WHO.

    DAVOS LIVE: Moderna and Gavi CEOs at World Economic Forum ‘State of the Pandemic’ session

    Moderna CEO Stéphane Bancel: “So, the great news (unintelligible) 2020; where we are today (March 6, 2023) is we are at manufacturing capacity. As Seth knows, when the pandemic happened, Moderna had made 100,000 doses in 2019 for the whole year. And I remember walking up to the house into the office of my other manufacturing; and, I say, “How we make a billion doses the next year?” (meaning in 2020). And you (meaning Seth) look at me a bit funny and he say “What?”, and I say, “Yeah, we’ll make a billion doses next year. There’s going to be a pandemic.””

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