Vaccine Company Executive Got A Mysterious $700,000 Payment On His First Day – Then Called It Quits
(TargetLiberty.org) – Typically, when a major corporation hires an executive, the candidate undergoes significant background checks. The vetting process can take months. It seems Moderna’s process could use some work after an executive only lasted one day in his position.
On Wednesday, May 11, Moderna announced Chief Financial Officer Jorge Gomez had left the company “effective immediately.” The news came as a shock because he’d started in the position on Monday. According to Business Insider, the CFO only lasted one day in his new job. Despite only working for one day, he will receive his $700,000 annual salary but will forfeit his $500,000 signing bonus.
“Moderna CFO Jorge Gomez left the Covid-19 vaccine maker after just one day in the role, after an internal investigation at his former employer.
Gomez will receive 12 months salary totalling $700,000 as severance pay but no bonuses”. https://t.co/jFkp529fut
— Ntando Thukwana (@NtandoThukwana) May 11, 2022
Gomez’s previous employer, dentistry manufacturer Dentsply Sirona, revealed he was being investigated for alleged financial misreporting to the SEC during his time as CFO. The company opened the probe in March after questions arose about financial reporting about the use of sales incentives. An audit found members of senior management used incentives to impact executive compensation. The company fired CEO Donald Casey in April and removed him from its board but didn’t give an explanation for his termination.
In a statement, Moderna said former CFO David Meline will continue in the role until it finds a replacement for him.
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