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Judge Considers $1.3M Bonus for Purdue Pharma CEO

Judge Considers $1.3M Bonus for Purdue Pharma CEO
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By The Associated Press
Dec. 04, 2019 | STAMFORD
By The Associated Press Dec. 04, 2019 | 02:15 PM | STAMFORD
The judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma will consider whether the company's CEO should get a bonus equal to half his $2.6 million salary.

Attorneys general representing about half the states say no. They argue in court filings that chief executive Craig Landau bears some responsibility for a national opioid epidemic that they claim the company's signature painkiller helped fuel.

Purdue says maintaining its bonus program is essential to keep employees on the job and performing while it goes through bankruptcy proceedings.
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