Novartis (NVS) Chairman Daniel Vasella will receive a six-year severance package of up to 72M...

|About: Novartis AG (NVS)|By:, SA News Editor

Novartis (NVS) Chairman Daniel Vasella will receive a six-year severance package of up to 72M Swiss francs ($78M) when he leaves the pharmaceutical company this month, as long as he doesn't start working for rivals. The agreement has further ignited strong feelings in Switzerland ahead of a March referendum over giving shareholders a say over executive compensation.