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IN BRIEF / EXECUTIVE PAY

Amgen CEO Got 31% More in Pay Last Year

March 12, 2004|From Bloomberg News

Amgen Inc. Chief Executive Kevin Sharer received a 31% increase in total pay to $4.32 million in 2003 as shares of the world's biggest biotechnology company climbed 28%.

Sharer, 56, received $1.1 million in salary, a bonus of $2.48 million and $748,398 in other compensation, including personal use of a company airplane, according to a Securities and Exchange Commission filing.

Sharer also received stock options that could be worth $28.1 million after seven years, assuming the stock's price rises 10% annually.

Shares of Thousand Oaks-based Amgen fell 84 cents to $60.20 on Nasdaq.

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