Cardinal Health CEO Mike Kaufmann’s bonus cut $1.4M based on shareholder response to opioid legal costs

Photo by Brian Caiazza, True Studios

COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST)–Based on a “listening tour” of shareholders, Cardinal Health Inc. cut CEO Mike Kaufmann‘s bonus by $1.4 million because of the impact on the bottom line and share price from settling thousands of lawsuits over the opioid crisis.

“We took a set of actions that … recognize the impact of the litigation on company performance and better align our executives’ interests with those of our shareholders,” according to the Dublin healthcare distributor’s proxy statement for its November annual meeting.