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Martine Rothblatt, a 59 year old entrepreneur and space lawyer, is the highest paid female executive in America. She made $38 million last year as the CEO of United Therapeutics (UTHR); a $6 billion biotech firm she founded to find a treatment for pulmonary hypertension after her daughter was diagnosed with the disease.
Rothblatt's compensation is based largely on stock performance. Last year, her company received FDA approval for a medicine they had been working on for 10 years. The stock more than doubled and Rothblatt's compensation rose by a multiple of four. “I think this [pay structure] is in the best interest of the shareholders,” she says. “There’s a mantra about corporate governance about pay-for-performance so I said ‘okay I’ll take the risk that 100% of my bonus compensation will be based upon stock market performance.’”
$38 million based on a 260 day work year is $146,000 a day.
I just found that interesting.
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