Merck & Co. said Monday that it has raised General Counsel Kenneth C. Frazier's salary to $780,000 from $689,400. The company said in a filing with the SEC 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."
November 01, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Merck & Co. said Monday that it has raised General Counsel Kenneth C. Frazier’s salary to $780,000 from $689,400.
The Whitehouse Station, N.J.-based drug maker has been the target of numerous lawsuits from consumers claiming that Merck’s Vioxx painkiller caused heart attacks. It took the drug off the market in 2004.
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