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James C. Mullen is a notable figure in the biotechnology industry, known for his extensive experience in leadership roles. He was the CEO of Biogen, one of the largest biotechnology companies, from 2000 to 2010, guiding the organization during a...

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James C. Mullen

Ex-CEO of Editas Medicine

Education

N/A

Field of Expertise

Healthcare & Life Sciences - Biotechnology

Sector of Economy

Healthcare

Born

February 1, 1958 - 67 years ago

CEO of Editas Medicine for

1 year 3 months (Feb 2021 - Jun 2022)

Previous Experience

CEO of Patheon N.V.; President and CEO of Biogen Inc.; various operating positions at Biogen.

Holdings

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James C. Mullen's investment activity in Biogen has shown interesting trends over the years. By the end of 2022, his insider trading reflected values consistently around $6-8 million monthly prior to his tenure at Editas and showed a notable peak...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did James C. Mullen make over time.

In 2022, Mullen's total compensation was around $30.5 million, which included a base salary of about $154,000 and significant bonuses. This amount highlights the performance-based nature of his earnings, aligning with the company's financial goals and shareholder interests. Most of his compensation came from stock options and performance stock units, indicating a strategy to incentivize him based on the company's success. In the previous year, 2021, his total compensation was lower, at approximately $17.2 million. This substantial jump showcases how performance metrics directly tie into executive compensation in the biotech industry. Mullen's packages are structured to reward achievement in revenue and strategic goals, especially relevant in the competitive field of biotechnology.

Year

2022

Total Compensation

$487.94K

Salary

$153.85K

Board Justification

Biogen's compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, while also considering market competitiveness.

Bonus

$315.62K

Board Justification

Prorated bonus for the period of employment in 2022, based on a target bonus of 150% of base salary and a Company Multiplier of 100%.

Other

$18.48K

Board Justification

Includes life insurance premiums and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2022 as the focus is on stock options and performance-based awards.

Performance Metrics

Financial performance metrics included revenue and non-GAAP diluted EPS targets, as well as strategic goals related to Alzheimer's disease initiatives and pipeline development.