Cover Story - Higher and Higher

by Bara Vaida

Sat. Feb. 16, 2008


In 2004, two of Washington's marquee trade associations, the Pharmaceutical Research and Manufacturers of America and the Motion Picture Association of America, were locked in a well-publicized bidding war to nab Rep. Billy Tauzin, R-La., as their new chief executive. PhRMA won, and when he took the helm at the drugmaker lobby group the following year, Tauzin netted a signing bonus of about $500,000 on top of a handsome salary. In 2006, Tauzin, who had chaired the powerful Energy and Commerce Committee, received a compensation and benefits package of about $1.6 million.

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