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Sarissa Capital Management

Innoviva bows to pressure from Sarissa hedge fund, to review executive pay

April 14, 2017 By Brad Perriello

Innoviva

Innoviva (NSDQ:INVA) said yesterday that it plans to review its costs including the salaries of its top executive and board, bowing to pressure from hedge fund and activist investor Sarissa Capital Management. Two weeks ago the fund demanded that Innoviva cut CEO Michael Aguiar’s pay to less than $500,000 a year; Aguiar’s total compensation in 2015 […]

Filed Under: Drug-Device Combinations, Featured, Respiratory, Wall Street Beat Tagged With: GlaxoSmithKline plc, Innoviva, Sarissa Capital Management

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