Leo Pharma executives receive huge bonuses despite multi-million dollar deficit

Leo Pharma has increased salary expenses for its top leadership, not least due to a larger million dollar payment to former CEO Catherine Mazzacco.

Catherine Mazzacco, former CEO of Leo Pharma | Photo: Leo Pharma / PR

by benjamin werner christensen, translated by daniel pedersen

Although Leo Pharma is hemorrhaging millions of dollars, the company has still managed to scratch enough together for solid severance payments and nice bonuses for the executive management, the company’s annual report for 2021 reveals.

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