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.
Not Quite to the Poorhouse, Though
May 26, 2009