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Valeant Interim CEO Schiller to Be Paid $400,000 a Month

  • Schiller has an initial two-month contract, could be extended
  • Company scheduled to appear at congressional hearing Thursday
Howard Schiller.

Howard Schiller.

Photographer: Andrew Harrer/Bloomberg

Valeant Pharmaceuticals International Inc.’s interim Chief Executive Officer Howard Schiller will be paid $400,000 a month while CEO Michael Pearson recovers from severe pneumonia, the drugmaker said Tuesday.

Schiller started the temporary CEO job on Jan. 6 and will be paid the rate for two months, Valeant said in a regulatory filing.