AstraZeneca's chief executive, Pascal Soriot, is to receive a big increase in bonuses. It will raise the maximum share bonus Soriot can receive under a long-term plan from 550% of his £1.3m base salary to 650%. AZ also plans to hoist Soriot’s maximum annual bonus to 250% of salary from 200%, depending on performance targets being hit. Soriot has been paid more than £15m in each of the last two years.
Prof Sarah Gilbert, the scientist who led the team that created the Oxford/AstraZeneca coronavirus vaccine, could receive more than £20m from her 5.2% stake in a biotech firm she co-founded, which is preparing to float on the stock market in the US.
Stéphane Bancel, the chief executive of the Covid vaccine maker Moderna, is now worth close to $5bn as a result of his 8% stake in the biotech firm, after the shares soared more than 500% over the past year.
Pfizer has smashed its sales forecasts and now expects to bring in $26bn (£19bn) of revenue from its Covid-19 vaccine this year, with its soaraway product accounting for more than a third of the company’s annual income. The company had expected the vaccine to bring in $15bn over the course of 2021, and the 73% increase in expected revenues to $26bn is still likely to be an underestimate as it counts only orders received by the middle of April and Pfizer is expected to sign more multibillion dollar supply contracts.