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Is Billy Tauzin’s Pay Stagnant?

Amortizing his paycheck over 12 months, it looks like the CEO of PhRMA actually made less in 2006 than the previous year, according to the trade group’s recently released 2006 tax records. Tauzin pocketed about $127,500 a month, or $1.53 million, plus $73,000 in benefits in 2006. But during PhRMA’s 2005 fiscal year, the former congressman raked in $183,333 a month, or $1.1 million for six months of work. So did Tauzin really work harder for less pay last year?Tauzin probably took home more than $1.1 million in 2005 by the calendar year, but PhRMA’s fiscal year runs from July 1 to June 30, the time period accounted for on the tax forms. Tauzin took the CEO job in early… Read More