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Not Quite to the Poorhouse, Though

May 26, 2009

The new FDA commissioner Margaret Hamburg will be giving up much of her income, reports the Wall Street Journal. Along with her husband, Peter Fitzhugh Brown, Hamburg made $10 million last year, mainly from Brown's hedge fund holdings and stocks (as FDA chief, she'll bring in $150,000). The Health Blog adds that Hamburg and Brown will give up some hedge-fund holdings and Brown already has sold shares in Abbott Laboratories, Johnson & Johnson, Merck, and Medco Health Solutions, which he had inherited. Hamburg will also be giving up stock and options from Henry Schein.

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