Hank McKinnel gets $180 million to Go Fishing

Here's the story.

That's 13% of Pfizer's (PFE) tangible book value for those of you counting at home.

All for recognizing too late that he needed to fire his vaunted sales force -- a squad of former college cheerleaders arranged for the purpose of titillating physicians.

What list of pathetic shareholders approved this package?


TOP INSTITUTIONAL HOLDERS

Holder, Shares, % Out, Value*

Barclays Global Investors UK Holdings Ltd, 345,089,950 -- 4.73 -- $9,786,750,982

STATE STREET CORPORATION, 226,897,690 -- 3.11 -- $6,434,818,488

VANGUARD GROUP, INC. (THE), 191,235,756 -- 2.62 -- $5,423,446,040

AXA, 159,840,845 -- 2.19 -- $4,533,086,364

FRANKLIN RESOURCES, INC 138,830,590 -- 1.90 -- $3,937,235,532

DODGE & COX INC, 127,392,094 -- 1.75 -- $3,612,839,785

FMR CORPORATION (FIDELITY MANAGEMENT & RESEARCH CORP), 123,154,855 -- 1.69 -- $3,492,671,687

CAPITAL RESEARCH AND MANAGEMENT COMPANY, 121,100,200 -- 1.66 -- $3,434,401,672

DEUTSCHE BANK AKTIENGESELLSCHAFT, 118,491,961 -- 1.63 -- $3,360,432,01

LEGG MASON INC., 103,297,473 -- 1.42 -- $2,929,516,334