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Monday, 16 March 2026
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CEO pay packet rockets by 75%

 Posted 16 March 2026 PM

AbbVie's Robert Michael is officially a Rookie CEO no more, winning a whopping 75 per cent pay rise in his second year in the job, to take home AU$45.6 million (US$32.5 million) last year.

The pay hike from his previous compensation package of $26.1 million (US$18.5 million) has catapulted him into the pharma earnings stratosphere - he's now one of the highest paid executives in the industry.

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