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Report: Departing Novartis chief Vasella paid millions to keep quiet ,[url=http://www.trueireligion.com]Cheap True Religion Jeans[/url]
ZURICH,[url=http://www.hotyoupro.com]The north face jackets sale[/url], Switzerland, Feb. 18 () -- A pay package of $78 million for the departing chairman of drug company Novartis has caused an uproar in Switzerland, observers say.The New York Times reported Monday that Novartis plans to pay Chairman Daniel Vasella, who is leaving the company, $78 million over six years for not divulging what he knows to rival companies.Vasella said in a statement that the sum was in line with market value and that he would use the money "for philanthropic activities."The sum has elicited some harsh criticism, however. Swiss federal Justice Minister Simonetta Sommaruga was quoted as saying the size of the pay was an "enormous blow for the social cohesion of our country."The sum was "beyond evil,[url=http://www.hotyoupro.com]The north face jackets clearance[/url]," said Christian Democratic People's Party President Christophe Darbellay.The severance plan was revealed just two weeks before Swiss voters are to decide a referendum that would give shareholders power of deciding executive pay.