Spectrum Pharmaceuticals CEO Rajesh Shrotriya earns over $2.7 million in 2016
Rajesh Shrotriya, MD, and CEO of Las Vegas based Spectrum Pharmaceuticals earned over $2.7 million during 2016 which includes $945,000 in base salary, bonus $945,000, stock awards $608,000 and other compensation $262,977.
Dr. Shortriya’s 2016 compensation is way less than a total compensation of over $4.4 million he made in 2015. Dr. Shrotriya is the highest compensated Indian American in Las Vegas.
In 2011, Dr. Shrotriya made the headlines by topping the Las Vegas CEO compensation list with 2011 compensation of over $25 million. Rajesh’s annual compensation includes salary, cash bonus, stock awards, option awards and other benefits
Dr. Shrotriya is one of the major shareholder of Spectrum Pharmaceuticals with a beneficial ownership of over 8.9 million stock, including options for over 6.32 million stock, which is approximately 10.29% of the total outstanding stock. Currently, Dr. Shrotriya owns 2.56 million stock with a total approximate market value of over $17.7 million. Black Rock Fund Advisors is the top shareholder of Spectrum Pharmaceuticals.
Dr. Shrotriya, 73, has been Chairman of the Board and Chief Executive Officer since August 2002 and a director of Spectrum since June 2001. From September 2000 to April 2014, Dr. Shrotriya also served as President of Spectrum. From September 2000 to August 2002, Dr. Shrotriya also served as Chief Operating Officer of Spectrum. Prior to joining Spectrum, Dr. Shrotriya held the position of Executive Vice President and Chief Scientific Officer from November 1996 until August 2000, and as Senior Vice President and Special Assistant to the President from November 1996 until May 1997, for SuperGen, Inc., a publicly-held pharmaceutical company focused on drugs for life-threatening diseases, particularly cancer.
Dr. Shrotriya received an M.D. from Grant Medical College, Bombay, India, in 1974; a D.T.C.D. (Post Graduate Diploma in Chest Diseases) from Delhi University, V.P. Chest Institute, Delhi, India, in 1971; an M.B.B.S. from the Armed Forces Medical College, Poona, India, in 1967.