Report: Tauzin Pulled in $11.6 Million in Final Year at PhRMA
November 22, 2011 | 12:13 PM
Billy Tauzin made more than $11.5 million in his final year as CEO of the Pharmaceutical Research and Manufacturers of America, CEO Update reported Tuesday. That's the second highest figure CEO Update has recorded for an association CEO since it began tracking salaries in 2004.
The former Louisiana congressman, who left PhRMA in June 2010, received $1.1 million in base pay, a $1.2 million bonus and $9.2 million in "other reportable income," CEO Update found using PhRMA's tax data. A PhRMA official told CEO Update that Tauzin's earnings were "not categorized as severance."
CEO Update has more:
The former chairman of the House Energy and Commerce Committee who earlier headed the House telecommunications subcommittee, confirmed to NJ in April that he was hired to join a team of lobbyists for AT&T as it geared up to fight for congressional approval of its planned merger with T-Mobile.
The former Louisiana congressman, who left PhRMA in June 2010, received $1.1 million in base pay, a $1.2 million bonus and $9.2 million in "other reportable income," CEO Update found using PhRMA's tax data. A PhRMA official told CEO Update that Tauzin's earnings were "not categorized as severance."
CEO Update has more:
Tauzin's final year payout puts him in league with association icons Jack Valenti, former CEO of the Motion Picture Association of America, and Ed Kavanaugh, retired head of Personal Care Products Council, formerly known as the Cosmetic, Toiletry and Fragrance Association, but the final figures for those leaders--Valenti at $11 million and Kavanaugh at $13.1 million--were built on decades of service and accumulated retirement benefits.
The former chairman of the House Energy and Commerce Committee who earlier headed the House telecommunications subcommittee, confirmed to NJ in April that he was hired to join a team of lobbyists for AT&T as it geared up to fight for congressional approval of its planned merger with T-Mobile.
"It's going to be a big debate in Congress and it's one I want to be part of," said Tauzin, who was with the law firm Alston & Bird at the time.
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