Corktown: A Neighborhood in Transformation
Discover how Corktown, Detroit’s oldest neighborhood, is undergoing a transformation with the revitalization of the historic Michigan Central Station. Resident Ray Moncivais reflects on the neighborhood’s vibrant past and Mayor Mike Duggan’s efforts to restore the station, symbolizing a brighter future for Corktown.
AbbVie CEO Richard Gonzalez Receives $25.7 Million Compensation Package in Final Year
Richard Gonzalez, the outgoing CEO of AbbVie, received a compensation package worth $25.7 million in 2023, marking his final full year as the company’s CEO. Despite facing criticism for pricing strategies and patent barriers surrounding Humira, AbbVie has seen substantial growth under Gonzalez’s leadership. AbbVie achieved its highest closing stock price in history in 2023, reaching $181.20, and the company’s market cap has soared from $54 billion to its current $316 billion over the course of Gonzalez’s 12-year tenure. While Humira’s sales declined, AbbVie’s follow-on treatments Skyrizi and Rinvoq experienced significant revenue growth, with sales totaling $11.8 billion in 2023. Gonzalez’s total pay of $25.7 million in 2023 represented a slight decline from his earnings in the previous year, with his equity awards totaling $17.1 million. As AbbVie prepares for a leadership transition, Gonzalez’s significant contributions to the company’s growth and strategic direction will undoubtedly leave a lasting impact on the biopharmaceutical industry.