Tuesday, October 31, 2006

Vioxx: Trial #11 in the MDL

As the 11th Vioxx trial begins before Judge Fallon Merck disclosed that general counsel Kenneth Frazier will be receiving a raise. His base salary will be $780,000.

The company said in a filing with the Securities and Exchange Commission that Chief Executive Richard T. Clark recommended increasing Frazier's salary because of his "significant contributions to Merck, as well as his highly valuable experience and exceptional leadership abilities."

Source: Here.