CVS CEO Merlo sees pay drop more than a third in 2016

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LARRY J. MERLO, CEO and president of CVS Health, saw his pay drop by more than one-third in 2016 compared with 2015.
LARRY J. MERLO, CEO and president of CVS Health, saw his pay drop by more than one-third in 2016 compared with 2015.
WOONSOCKET – The president and CEO of CVS Health Corp., Larry J. Merlo, realized a 36.6 percent – or $10.6 million – decline in his total compensation in 2016 compared with the prior year, largely because of an anticipated end of pension payments. The top executive at the Woonsocket-based retail and pharmacy benefits giant earned…

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