Pursuits

This CEO May Get $100 Million for Getting Fired

David Pyott, chief executive officer of Allergan Inc.
Photographer: Scott Eells/Bloomberg

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By Anders Melin and Brandon Kochkodin

February 24, 2015 at 2:48 PM UTC

Updated on

February 24, 2015 at 4:26 PM UTC

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Allergan Inc. Chief Executive Officer David Pyott could receive about $100 million if he’s terminated following Actavis Plc’s acquisition of the Botox maker.

The payment would include about $89 million in cash and stock he’d receive in exchange for equity awards that haven’t yet vested, according to a Feb. 19 filing from Irvine, California-based Allergan. Pyott would also receive $9.91 million in cash, as well as $2 million for accrued pension and health benefits for three years, according to the filing.