9 Top Biopharma CEO-to-Employee Pay Gaps

Pictured: A graphic showing figures on opposing coin stacks/Taylor Tieden for BioSpace

Pictured: A graphic showing figures on opposing coin stacks/Taylor Tieden for BioSpace

Last year, empowered by new SEC reporting guidelines, BioSpace released its inaugural annual CEO pay gap report, looking at how much more top biopharma executives earned than their employees in 2022. Results showed that many biopharma executives earn more than 200 times what the company’s median employee makes.

Looking at 2023 data, we found that little has changed. Despite investor dollars being hard to come by and the Biden administration pushing forward with its campaign to lower drug prices, the top biopharma firms still shelled out two orders of magnitude more money to CEOs than to median employees.

Multiple companies have downsized their pipelines and operations, laying off thousands of workers across the industry. Some CEOs have even taken…
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