This is crazy!!! Irish newspaper The Independent is reporting that several Elan Pharmaceuticals board members received close to $3M USD worth of Elan shares and options ahead of a possible buyout. wtf???

Here’s the scoop:

-Elan chairman Kyran McLaughlin got 11,250 shares (worth $83,000 USD);

-CFO Shane Cooke received $921,000 USD worth of options and restricted shares;

-Non-executive directors Kieran McGowan, Anglo Irish Bank chairman Donal O’Connor and Paddy Power boss Patrick Kennedy were each awarded 7,500 (worth about $57,000 USD);

-Company secretary Liam Daniel received almost $670,000 USD worth of options and restricted shares.

Gosh, times are definitely not tough at Elan are they? Must be nice…

Image from painmed.org

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