08 Feb 10 Eli Lilly CEO’s 2009 Compensation Totaled $16.4 Million

Proxy season! Time, once again, to learn how much the captains of industry are pulling down.

First up for the Health Blog this year is Eli Lilly, which just filed its preliminary proxy.

John Lechleiter, the company’s CEO, had a package totaling $16.4 million, according to an analysis by Dow Jones Newswires. That includes $1.48 million in salary, $3.55 million in non-equity incentive plan compensation, $11.25 million in certain equity awards and $90,091 from a savings-plan match and tax reimbursements.

Lechleiter has requested that he not receive an increase in salary or bonus for 2010, “in light of the business challenges the company faces.”

The proxy’s summary compensation table, which uses a different methodology than Dow Jones, puts Lechleiter’s total compensation at $20.9 million. The table lists several other execs with multi-million-dollar compensation packages, including the CFO, the general counsel, the president of the company’s established markets unit and the doc who heads Lilly’s research labs.

Photo: Bloomberg News

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