Hard Times at Pfizer

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When Pfizer vice chair Karen Katen got passed over in her bid to become chair of the giant drug maker, she prepared to bail out and will leave the company at the end of this month. The Wall Street Journal’s Health Blog rummaged through an SEC proxy statement to add up her compensation package: “Katen’s eligible for a pension accrued over a 32-year career that, if taken as a lump sum, would be worth about $40.7 million. Her 401(k) retirement savings plan and some deferred stock are worth another $21.8 million. Add in bonuses, previously disclosed severance of $5.5 million, some stock awards and the like and you come up with the balance of the $76.8 million.” She will get an additional $178,000 for unused vacations.

Sounds like a lot, but as the Health Blog points out, Karen’s pay out seems like small potatoes compared with former chair Henry “Hank” McKinnell, who got $200 million on his departure.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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