4 ms·

"The 60-year-old grandmother and CEO of United Therapeutics, the Silver Spring-based biotech she founded to help save her younger daughter’s life, banked $38 mi

"The 60-year-old grandmother and CEO of United Therapeutics, the Silver Spring-based biotech she founded to help save her younger daughter’s life, banked $38 million last year. It made her the nation’s highest-paid female executive." I find it hard to believe that $38 million made her the highest paid female executive in the US. I would be stunned if this outpaced Sheryl Sandberg. Interesting story nonetheless.

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uniformlyrandom 12y ago
Marissa Mayer has got slightly more than 200M form Yahoo in 2013, although biggest part of this is probably her bonus, not salary.
brandon272 12y ago
Sheryl Sandberg earned $16M in cash and stock in 2013. More in prior years, but less than $38M.
mikeryan 12y ago
I believe these were 2013 numbers? (not sure might be 2014) Sheryl Sandberg made about 16M in salary and stock in 2013 however. http://qz.com/194054/mark-zuckerberg-and-sheryl-sandberg-took-huge-pay-cuts-in-2013-despite-facebooks-stunning-year/ http://qz.com/194054/mark-zuckerberg-and-sheryl-sandberg-too... Note according to this list: http://www.bloomberg.com/slideshow/2013-08-19/the-15-highest-paid-female-top-executives-.html#slide15 http://www.bloomberg.com/slideshow/2013-08-19/the-15-highest... Safra Catz from Oracle was the highest paid in 2013 so maybe this is a 2014 list.
nieve 12y ago
Bad research by the reporter, from another Washington Post article: "That figured landed her the No. 1 spot on the Capital Business ranking of best compensated executives in the Washington region, and the No. 10 slot on a New York Times list of the highest compensated executives in the nation. " http://www.washingtonpost.com/business/capitalbusiness/united-therapeutics-slashes-pay-for-ceo-martine-rothblatt-after-shareholder-vote/2014/12/17/383992a8-861e-11e4-a702-fa31ff4ae98e_story.html http://www.washingtonpost.com/business/capitalbusiness/unite... It was also a huge jump from her normal compensation due to the company doing very well under her in 2013, so the shareholders turned around and immediately penalized her for good stock performance. I can understand adjusting a bit, but if your stock has shot up that much your investments have too and slashing your CEO's options by 2/3rds sounds greedy as hell. She agreed to amend her contract, but I doubt they could have forced her to short of removing her which would almost certainly hammer the stock price and triggered a golden parachute. Really bizarre move, all and all, and I've never heard of it happening to an executive of her caliber who's company is doing incredibly well.
- nieve 12y ago
  Ah, it may have been related to this (though I believe it came after): "The decision comes as officials also announced Rothblatt will share the CEO mantle beginning Jan. 1 with Roger Jeffs, who joined United Therapeutics in 1998 and currently serves as president and chief operating officer. He will become co-chief executive. Fisher said Jeffs’ promotion “reflects a division in responsibilities that the two of them have had for sometime.” Rothblatt focuses on long-term strategy and research, while Jeffs handles commercial operations and near-term research, he said. David Zaccardelli will subsequently be promoted to executive vice president and chief operating officer. Zaccardelli, who joined the company a decade ago, holds the titles of chief manufacturing officer and executive vice president of pharmaceutical development." So basically she'll be splitting her responsibilities with two guys and the CEO title with one of them and is giving up basically all operational control to focus on strategy and "long term research". Maybe that's a good choice and something she wants, but it looks a bit like a demotion. She may not have one foot out the door, but I'm guessing she's got ideas for a few more multi-billion dollar companies if she gets tired of UT.
Lambdanaut 12y ago
As a side-note, she's also a male->female transgender. I'm not personally making any judgments here, but some people might consider her still a male, and thus not the highest paid female exec. It's more of an interesting factoid than anything, though.
- ForHackernews 12y ago
  FWIW, since it's just part of her identity, not her defining characteristic, many people consider it impolite to use "transgender" as a noun. The preferred usage might be something like "transgender person" or just a "trans person" for short. Consider "a 10 year old autistic" as an analogously impolite usage.
- jwise0 12y ago
  Anyone who considers her male is wrong. Period. If she is the highest paid female exec, then she is the highest paid female exec.
  - patrickg_zill 12y ago
    If Rothblatt sent a DNA sample off to a DNA testing lab, would they detect the sample as being from a male or a female? (not that I really care all that much)
    - daeken 12y ago
      Male, because that's her genetic sex. Note that gender and sex are two different, not necessarily correlated things. Sex is the sum of your physical characteristics; gender is what you feel and/or identify as. She identifies as a woman, and has in fact had sexual reassignment surgery (giving her most female physical characteristics). She's a woman, and female.
      - patrickg_zill 12y ago
        One is something related to science ; the other is related to political or social beliefs.
gcb0 12y ago
they ranked in regular pay. all ceo get bonuses and other tax evading sources as their main income.

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uniformlyrandom 12y ago

Marissa Mayer has got slightly more than 200M form Yahoo in 2013, although biggest part of this is probably her bonus, not salary.

brandon272 12y ago

Sheryl Sandberg earned $16M in cash and stock in 2013. More in prior years, but less than $38M.

mikeryan 12y ago

I believe these were 2013 numbers? (not sure might be 2014) Sheryl Sandberg made about 16M in salary and stock in 2013 however. http://qz.com/194054/mark-zuckerberg-and-sheryl-sandberg-took-huge-pay-cuts-in-2013-despite-facebooks-stunning-year/ http://qz.com/194054/mark-zuckerberg-and-sheryl-sandberg-too... Note according to this list: http://www.bloomberg.com/slideshow/2013-08-19/the-15-highest-paid-female-top-executives-.html#slide15 http://www.bloomberg.com/slideshow/2013-08-19/the-15-highest... Safra Catz from Oracle was the highest paid in 2013 so maybe this is a 2014 list.

nieve 12y ago

Bad research by the reporter, from another Washington Post article: "That figured landed her the No. 1 spot on the Capital Business ranking of best compensated executives in the Washington region, and the No. 10 slot on a New York Times list of the highest compensated executives in the nation. " http://www.washingtonpost.com/business/capitalbusiness/united-therapeutics-slashes-pay-for-ceo-martine-rothblatt-after-shareholder-vote/2014/12/17/383992a8-861e-11e4-a702-fa31ff4ae98e_story.html http://www.washingtonpost.com/business/capitalbusiness/unite... It was also a huge jump from her normal compensation due to the company doing very well under her in 2013, so the shareholders turned around and immediately penalized her for good stock performance. I can understand adjusting a bit, but if your stock has shot up that much your investments have too and slashing your CEO's options by 2/3rds sounds greedy as hell. She agreed to amend her contract, but I doubt they could have forced her to short of removing her which would almost certainly hammer the stock price and triggered a golden parachute. Really bizarre move, all and all, and I've never heard of it happening to an executive of her caliber who's company is doing incredibly well.

nieve 12y ago
Ah, it may have been related to this (though I believe it came after): "The decision comes as officials also announced Rothblatt will share the CEO mantle beginning Jan. 1 with Roger Jeffs, who joined United Therapeutics in 1998 and currently serves as president and chief operating officer. He will become co-chief executive. Fisher said Jeffs’ promotion “reflects a division in responsibilities that the two of them have had for sometime.” Rothblatt focuses on long-term strategy and research, while Jeffs handles commercial operations and near-term research, he said. David Zaccardelli will subsequently be promoted to executive vice president and chief operating officer. Zaccardelli, who joined the company a decade ago, holds the titles of chief manufacturing officer and executive vice president of pharmaceutical development." So basically she'll be splitting her responsibilities with two guys and the CEO title with one of them and is giving up basically all operational control to focus on strategy and "long term research". Maybe that's a good choice and something she wants, but it looks a bit like a demotion. She may not have one foot out the door, but I'm guessing she's got ideas for a few more multi-billion dollar companies if she gets tired of UT.

Lambdanaut 12y ago

As a side-note, she's also a male->female transgender. I'm not personally making any judgments here, but some people might consider her still a male, and thus not the highest paid female exec. It's more of an interesting factoid than anything, though.

ForHackernews 12y ago
FWIW, since it's just part of her identity, not her defining characteristic, many people consider it impolite to use "transgender" as a noun. The preferred usage might be something like "transgender person" or just a "trans person" for short. Consider "a 10 year old autistic" as an analogously impolite usage.
jwise0 12y ago
Anyone who considers her male is wrong. Period. If she is the highest paid female exec, then she is the highest paid female exec.
- patrickg_zill 12y ago
  If Rothblatt sent a DNA sample off to a DNA testing lab, would they detect the sample as being from a male or a female? (not that I really care all that much)
  - daeken 12y ago
    Male, because that's her genetic sex. Note that gender and sex are two different, not necessarily correlated things. Sex is the sum of your physical characteristics; gender is what you feel and/or identify as. She identifies as a woman, and has in fact had sexual reassignment surgery (giving her most female physical characteristics). She's a woman, and female.
    - patrickg_zill 12y ago
      One is something related to science ; the other is related to political or social beliefs.

gcb0 12y ago

they ranked in regular pay. all ceo get bonuses and other tax evading sources as their main income.