Most adults - and, unfortunately, a few children - face vexing financial decisions.
John Hammergren was no different. Hammergren is the chief executive officer of McKesson Corp., which is the largest of the big three pharmaceutical wholesalers. Valley Forge-based AmerisourceBergen and Cardinal Health are the other two.
According to the Wall Street Journal (link here), Hammergren faced a difficult decision just before March 31.
At that point, Hammergren had to decide whether to pass up a lump-sum pension payment of $159 million.
Why would anyone pass up a $159 lump sum payment?
Well, he is only 54 and he might like his job. Part of that might be attributable to his yearly salary, which the Journal reported has exceeded $50 million in recent years.
The Journal found no other CEO's with a similar package. The Journal based its report on an analysis by a firm that looks at executive compensation. The firm looked at McKesson's proxy statement filed with the Securities and Exchange Commission. A link to the proxy is here.