Novartis Under Pressure After Ethos' Appeal to Refuse High Management Salaries

Le Temps

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The managing director of the Basel pharmaceutical giant, Vasant Narasimhan, has received almost 25 million francs last year, reviving the spectre of the excesses of Vasella. A sum deemed "demonstrated" by the Ethos Foundation, which urges shareholders to oppose the remunerations at the general meetingThe remuneration of the managing director of Novartis, Vasant Narasimhan, is again controversial. For 2025, his total salary amounts to 24.9 millio…

L'AGEFI

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Vasant Narashiman, managing director of the pharmaceutical laboratory, will receive 24.9 million Swiss francs (27.3 million euros) for 2025. An increase of 30% in one year. The Swiss foundation recommends opposing the three votes on the remunerations, including those of the administrators. On the other hand, ISS is in favour.

rts.ch

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The Ethos Foundation recommends that Novartis shareholders reject the items on the agenda of the general meeting on March 6th regarding remuneration. It criticizes the high amount received by the managing director Vasant Narasimhan.