How will the events and exhibitions industry change post-Coronavirus? On average, AbbVie executives and independent directors trade stock every 22 days with the average trade being worth of $2,750,184. Richard's mailing address filed with the SEC is 1 N. WAUKEGAN ROAD, , NORTH CHICAGO, IL, 60064. There are 6 older and 15 younger executives at AbbVie. Rick Gonzalez is an American actor and musician. On the other are those who fret that the deal is saddling AbbVie with even more debt and doing little to add to its pipeline of new therapies, at a time when Allergan’s biggest product Botox – which brought in $3.7bn last year – is facing tougher competition in the market from new migraine drugs and rivals in its medical aesthetics indications. But they probably don’t want to see the CEO paid more than is normal for companies around the same size. That's where Pharmacyclics comes in.
Mr. Gonzalez is the chairman and chief executive officer of AbbVie. This article will reflect on the compensation paid to Rick Gonzalez who has served as CEO of AbbVie Inc. (NYSE:ABBV) since 2013. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION), BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION. Mr. Gonzalez owns over 16,850 units of AbbVie stock worth over $24,922,557 and over the last 18 years he sold ABBV stock worth over $65,204,752. Links which take you out of the AbbVie worldwide websites are not under the control of AbbVie, and AbbVie is not responsible for the contents of any such site or any further links from such site. This information is according to proxy … AbbVie’s chief executive Richard Gonzalez was upfront in admitting that the rationale for the transaction is to expand AbbVie’s non-Humira business on a conference call with investors and analysts yesterday, in which discussion focused mainly on Allergan’s on-market drugs rather than its fairly lean pipeline. ACCESS TO THIS SECTION OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES LAWS IN CERTAIN JURISDICTIONS. also held various senior leadership positions in Abbott’s medical It is AbbVie's first major purchase, though, after a $52 billion deal to buy Shire Plc and move legal addresses abroad fell apart when the U.S. announced changes to tax rules that made such transactions less attractive. “I was retired for about two years,” Gonzalez said in an telephone interview. “That's when the decision was ultimately made that it was logical to split the company in half, and as part of that the board has asked me to come and run AbbVie.”. Half of the $2bn in proposed savings from the deal will come from R&D, and AbbVie was forthright in saying that the majority of the value in the transaction comes from Allergan’s on-market products. Analysts meanwhile expressed surprise at the what was viewed as a change in direction for AbbVie, which has hitherto been focusing on smaller bolt-on deals to bulk up its pipeline, including a $21bn takeover of Pharmacyclics and $9.8bn deal for Stemcentrx. If you are a resident of a country other than those to which the site is directed, please return to AbbVie.com or contact your local AbbVie affiliate to obtain the appropriate product information for your country of residence. Mr. Gonzalez owns over 16,850 units of AbbVie stock worth over $24,942,591 and over the last 18 years he sold ABBV stock worth over $65,204,752. No use of any AbbVie trademark, trade Joffrey nixes 'Nutcracker,' Lyric cancels 2020 slate, Ken Griffin buys painting for more than $100 million, A 19th-century rowhouse gets a 21st-century revamp, Avli, a new Greek spot in River North: Our review. This notice applies to all persons who view this section of the website and, depending on where you live, it may affect your rights. For AbbVie, Allergan’s most interesting programmes are a clutch central nervous system (CNS) candidates including antidepressant Vraylar (cariprazine) – which it says has blockbuster potential – as well as oral CGRP inhibitors that could complement Botox in migraine treatment. Allergan has done a good job protecting the brand from the branded drugs, which have only taken a small bite out of its market share, and Gonzalez insisted that for technical reasons “it's highly unlikely that we would see a biosimilar against Botox for a long, long time, if ever.”. “Fortunately for me, I haven't played golf in about in seven years,” he said. Richard Gonzalez is 65, he's been the Chairman of the Board and Chief Executive Officer of AbbVie since 2013. Is Pritzker's graduated tax plan in trouble? Business Roundtable, which is the only national organization Subject to any continuing obligations under applicable law or any relevant regulatory requirements, AbbVie expressly disclaims any obligation to disseminate, after the date of the posting of any document or announcement on this webpage, any updates or revisions to any statements in such documents or announcements in relation to the Offer to reflect any change in expectations or events, conditions or circumstances on which any such statements are based. AbbVie sets aside a smaller share of compensation for salary, in comparison to the overall industry. “At the same time, we want to build other growth vehicles.”.
list of high return, low debt companies is a great place to look. On an industry level, around 23% of total compensation represents salary and 77% is other remuneration. From 2016-2020, he portrayed the superhero vigilante character Rene Ramirez / Wild Dog on the CW superhero drama series Arrow. 2020 is giving Chicago condo sellers a headache, What Billy Goat, Purple Pig and other local eateries want from a federal court, As winter approaches, restaurants brace for a deep freeze, We need to talk about our own social dilemma, Where artists fit into our COVID recovery, Crain's Daily Gist podcast: Weak Chicago housing market good news for buyers, Crain's Daily Gist podcast: Chicago lobbyists continue to rake in the cash, Crain's Daily Gist podcast: Artists will be essential to Chicago’s economic recovery, Crain's Daily Gist podcast: Midwest vacation spots see home sales soar, 50 reasons to feel cautiously optimistic about Chicago, Racial equity in Illinois can start with a fair tax, Pelosi: No action on airline aid without broader stimulus, Colleges are better at COVID testing than the White House, Princeton renames a college for Mellody Hobson—and dumps Woodrow Wilson, Student housing owner scores $1.6 billion investment, How the pandemic is disrupting the business of high-end college dorms, Citadel Securities getting bigger with a purchase, CME faces third case of coronavirus on Chicago’s trading floor, CommonSpirit pushes back timeline on $2 billion cost-savings goal, Community Health Systems settles after data breach • A look at the New York exec tapped to lead Cook County Health • Abbott defends rapid COVID test, Illinois Blues provides $108M in premium credits • Northwestern looks at COVID’s neurological toll • How Chicago is expanding mental health care access, Advocate Aurora-Beaumont deal is dead • Akorn emerges from bankruptcy • Pandemic fueled CommonSpirit's $155M operating loss, Coalition wants Illinois telehealth rules loosened permanently • Health care real estate is hot • Largest fraud 'takedown' in history, McDonald's ex-CEO fires back at chain's effort to strip pay, Big-name restaurants sue insurers over COVID losses, First look: Amazon's new Illinois-built electric delivery trucks, Boeing cuts jetliner-sales forecast 11% on decade-long slump, K+S nears $3 billion sale of Morton Salt unit.
Its revenue is up 11% over the last year. “It's hard to find a bolt-on that can give you $10bn to $15 bn of revenue to be able to advance that growth platform rapidly.”. Mr. Gonzalez has been a long-standing leader in the greater Chicago It is located next to the city of Calabasas and is located in the west San Fernando Valley. If non-salary compensation dominates total pay, it’s an indicator that the executive’s salary is tied to company performance. (312) 649-5200, What the loss of a major acquisition means for Advocate's expansion plan, Illinois sharing in $5M data breach settlement, Abbott defends rapid COVID test with new data, Sponsored Content: Getting Business Momentum Back. Richard A. Gonzalez is the Chairman of the Board, Chief Executive Officer of the Company.
If you are in any doubt about the contents of this section of the website or the action you should take, you should seek your own financial advice from an appropriately authorised independent financial adviser. On the one hand are those who think that AbbVie is making a good opportunistic play. AbbVie Inc. (NYSE:ABBV) Q1 2020 Earnings Conference Call. May 01, 2020 09:00 AM ET. Will state and city budget axes really fall? In light of the regulatory difficulties experienced by Bristol-Myers Squibb in its proposed $73bn takeover of Celgene, AbbVie was quizzed about any potential issues that might emerge from the Federal Trade Commission (FTC) and counterparts in other areas of the world. By clicking on the "I agree" box below, you certify that you will not forward, transmit, show or distribute (by any means including by electronic transmission) the Information to any person.
Monday-Thursday. the Health Systems Division; and Divisional Vice President and General Rick Gonzalez, the 61-year-old chief executive officer of AbbVie, retired from his role as chief operating officer of former parent company Abbott Laboratories in 2007 after a … You are attempting to enter the section of this website that is designated for the publication of documents and information in connection with the offer by AbbVie for Allergan announced on June 25, 2019 (the “Offer”). Do you wish to leave this site? approximately 47,000 people worldwide and markets medicines in more To allow you to view details relating to the Offer, you have to read the following and then press "I agree". What's behind AbbVie's $21 billion bet, hope or desperation. The company was founded on October 19, 2011 and is headquartered in North Chicago, IL. He downplayed the risks to Allergan’s Botox from branded rivals such as Evolus’ Jeuveau or biosimilars. That drives up profitability, and in turn creates a situation where the cash-flow generated from Humira can in effect pay for the mid- to late-stage development programmes. The Internet site that you have requested may not be optimized to your screen size. As the dust clears on the news of AbbVie’s $63bn takeover of Allergan, it seems the biopharma world is split between those who think it is a smart move, or a bit of a blunder. Its crown jewel is anti-inflammatory drug Humira, one of the world's biggest drugs with $12.5 billion of sales in 2014. Gonzalez worked on major acquisitions as Abbott's COO, including for KOS Pharmaceuticals Inc. and Boston Scientific Corp.'s Guidant unit.
In addition, he makes $21,610,600 as Chairman of the Board and Chief Executive Officer at AbbVie. Richard A. Gonzalez is Chairman of the Board and Chief Executive He's also planning a May wedding to jewelry designer Chantel Poynton in Miami Beach, Florida, according to a New York Times online wedding announcement. represents AbbVie on their Civic Committee. In addition, the content of the website, and its accessibility by certain persons, may be amended at any time in whole or in part at the sole discretion of AbbVie. Monday, Wednesday and Friday at 5:30 a.m. Furthermore, Rick Gonzalez directly owns US$34m worth of shares in the company, implying that they are deeply invested in the company’s success. The estimated Net Worth of Richard A Gonzalez is at least $112 Million dollars as of 11 December 2018. The largest trade he's ever made was selling 285,953 units of AbbVie stock on 2 June 2016 worth over $18,249,520. It was then that his old boss Miles D. White, longtime chairman and chief executive of Abbott, talked him into running Abbott's venture portfolio. As the Board Chairman and CEO of AbbVie, the total compensation of Richard Gonzalez at AbbVie is $21,610,600 per annum.
The estimated Net Worth of Richard A Gonzalez is at least $112 Million dollars as of 11 December 2018. He also served as president, Abbott Ventures Inc., Abbott's medical technology investment arm, from 2009 to 2011.
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