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|User Info||Fear Porn Fraud EXPOSED; entered at 2021-04-06 11:26:31|
As Covid-19 vaccine was being developed, Moderna shelled out more than $1M for top executives' security|
As Moderna worked in overdrive to create the second Covid-19 vaccine granted emergency use authorization by the FDA, it spent more than $1.1 million on security for its top executives the overwhelming majority of which went to keeping CEO Stphane Bancel safe.
More than $1 million was spent on security costs for Bancel in 2020, according to a proxy filing published this week. CMO Tal Zaks, who in February announced that he will leave the company later this year, received $143,719 for security. The company also spent $16,380 on security for President Stephen Hoge, and $28,161 on SVP Juan Andres.
The spending increase addressed security concerns as the company pursued the development of the Covid-19 vaccine, the report said.