Receptos CEO Hasnain Eligible for $63 Million Golden Parachute
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Receptos Inc. Chief Executive Officer Faheem Hasnain could get as much as $63 million if he’s terminated after the drugmaker is acquired by Celgene Corp.
The golden parachute would include $56 million in equity and a cash severance of about $1.6 million, according to San Diego-based Receptos’s proxy statement and data compiled by Bloomberg. The equity is valued at the $232-per-share offer price.