Cialis maker pays CEO $11.9 million in compensation
March 13, 2006

Cialis maker Eli Lilly and Co. paid its top executive $11.9 million in compensation in 2005, down from $15.5 million a year before, according to a regulatory filing. Chief Executive Sidney Taurel's salary and bonus for 2005 rose to $3.8 million, from $3 million in 2004, the Securities and Exchange Commission filing said.

Taurel got restricted stock valued at $3.7 million for 2005, up from the $1.6 million in restricted stock he got in the prior year, according to the filing. The restricted stock that was awarded for 2005 vests on Feb. 1, 2007, the filing said. Taurel also got 255,621 securities underlying options in 2005 with a value of $4.3 million, down from the 400,000 securities underlying options he got in 2004 with a value of $10.8 million.

According to Indianapolis-based Lilly, the maker of erectile dysfunction drug Cialis, Taurel realized $9 million from the exercise of options to acquire 295,728 shares.

Eli Lilly, which makes drugs including the antidepressants Prozac and Serafem, the schizophrenia treatment Zyprexa, and the erectile dysfunction treatment Cialis, had 2005 revenue of $14.6 billion.

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