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Moderna’s billionaire CEO reaped nearly $400 million last year. He also got a raise

Summary by Ground News
Moderna, known for its lifesaving coronavirus vaccine, raised its CEO's salary last year by 50 percent to $1.5 million and increased his target cash bonus. The firm's windfall profits have drawn criticism, particularly because it used $1,7 billion in taxpayer funding and assistance from the National Institutes of Health to develop its vaccine. Moderna defends the raises for Bancel and others as reflective of merit.

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The Washington Post broke the news in on Saturday, April 29, 2023.
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