MedWatch

Novo Nordisk CEO's pay sets itself apart on especially one point

German investment bank Berenberg has compared the salaries of a range of top execs in the pharmaceutical industry, and in opposition to everyone else, Lars Fruergaard Jørgensen's bonus scheme is not tied to the company share price.

Novo Nordisk President & CEO | Photo: Stine Bidstrup/ERH

The bonus scheme of Novo Nordisk CEO and President Lars Fruergaard Jørgensen is not tied in with the share price of the Danish pharmaceutical company, which comes as a surprise to German investment bank Berenberg.

The bank has analyzed the salaries of CEOs in 12 of the world's largest pharmaceutical companies, and Fruergaard Jørgensen's bonus scheme is the only one that does not correlate with the development of the share price of his company.

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