In case you were wondering, here’s the pay package for Peter Kellogg, who will leave Biogen Idec and join the big drugmaker on Aug. 14, according to a filing Merck made today with the Securities and Exchange Commission:

• Annual base salary of $832,008 payable monthly;
• Eligibility to participate in the Executive Incentive Plan with a target bonus of 95 percent of annual base salary;
• Eligibility to participate in the Long Term Incentive Plan;
• Sign-on bonus of $150,000 payable with first regularly scheduled paycheck following start date;
• A non-qualified stock option to purchase 175,000 shares of Merck common stock.

You can read the rest here. Judy Lewent, Merck’s retiring CFO, made
$834,756 last year and you can read more details in the proxy.