- Illumina CEO Francis deSouza's total pay in 2022 was $26.7mn, almost double the previous year.
- DeSouza received a special grant of stock options worth $12.5mn for retention.
- This comes ahead of a proxy fight with activist investor Carl Icahn, who wants to oust deSouza.
- Icahn accuses deSouza of mismanagement, especially in Illumina's acquisition of Grail without regulatory approval.
- Illumina recommends shareholders withhold votes for Icahn Group director nominees at annual meeting.
Illumina chief’s pay nearly doubles ahead of clash with Carl Icahn
Francis deSouza was awarded $26.7mn in total pay last year despite drop in genome sequencer’s market value
Jamie Smyth
/cloudfront-us-east-2.images.arcpublishing.com/reuters/6W5WJY7T4NLKVFJO5JX37LPYS4.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OGBROYPEZVMVNLCKMBDIE2XJCE.jpg)
