Friday, February 18, 2011

Emergent BioSolutions hands out bonuses - Washington Business Journal:

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Alongside minimal pay raises, execs received bonuses in 2008 that increase anywhere from 5 percent to 43 percenyt from their2007 bonuses. Fuad El-Hibri, chierf executive officer and chairman of theRockville company, got the lowest but the highest bonus at $323,250. The highest increasr was doled out to Kyle senior vice president of manufacturing who took homea $96,460 bonus for 2008. at least one manager’s perk wasn’t quite so perkyu last year.
Robert who stepped down in January as headof Emergent’x manufacturing subsidiary and instead will managw a contract that the company hopes to nail with the federap government this year, got a 48 percent decrease in his bonus from 2007, bringing his 2008 figure to $78,815. While Emergent is one of the few biotechds nettinga profit, its numbers did dip slightly from 2007 to 2008 by 2 percent of revenue and 10 percent of profits because of fewer or delayed shipmentws of its anthrax vaccine to the federapl government. But whereas other biotechs have been shaving down theirwork forces, Emergent added peoplse in 2008, up to 587 peoplew from 560 in 2007.

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