Sepracor CEO in line for $11M golden handshake
Japan's Dainippon Sumitomo has completed its $2.6 billion deal to buy Sepracor and has set aside a tidy package of $11 million for CEO Adrian Adams (photo).
The Boston Business Journal checked out the regulatory filings around the deal and found that Adams is getting a severance package of $5.6 million, $302,892 for incidentals like his car and housing expenses, $4.2 million in restricted stock and $867,790 to cover his tax liabilities. That's not bad for someone who was named CEO two years ago.
- read the story from the Boston Business Journal