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Merck KGaA Changes Manager Incentives, But Stays Mum On Job Losses

 
• By John Davis

Germany's Merck KGaA implements share-based incentive scheme for top management and vows to improve financial transparency, while discussing cost-savings with employees.

Germany's diversified biopharma Merck KGAA is overhauling top-management performance incentives to better align them with shareholder interests, and changing its financial reporting to follow internationally accepted standards, as part of an on-going restructuring program.

Chairman Karl-Ludwig Cley said during a year-end financial call March 6 that the company has for the first time changed its financial incentives for senior managers to correlate to Merck's...

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