J. Michael Pearson

J. Michael Pearson
Pearson at US Senate hearing in 2016
Born1959 (age 64–65)
London, Ontario, Canada
NationalityCanadian[1]
Alma materDuke University (BS & BSE)
University of Virginia (MBA)
Known forFormer CEO of Valeant Pharmaceuticals
SpouseChristine Pearson
Children4

J. Michael Pearson (born 1959) is a Canadian American[1] pharmaceutical company executive. He is the former chairman and CEO of Valeant Pharmaceuticals International[2][3] after being ousted in the aftermath of a report on pharmaceutical pricing published by Citron Research in April 2016.[4]

On April 27, 2016, Pearson, Bill Ackman and Howard Schiller appeared before the United States Senate Special Committee on Aging to answer concerns over the repercussions for patients and the health care system whom are affected by Valeant's business model.[5]

In 2017, Pearson sued Valeant Pharmaceuticals for $31 million as compensation for his alleged wrongful termination as CEO and chairman.[6] In December 2017, a New Jersey judge ruled that Pearson should pursue his claim by arbitration rather than through the courts.[7]

  1. ^ a b "J. Michael Pearson". Forbes. Retrieved December 28, 2015.
  2. ^ About: Board of Directors, n.d., retrieved October 5, 2015
  3. ^ Blackwell, Richard; Silcoff, Sean; Marotte, Bertrand (May 27, 2013). "Valeant Pharmaceuticals eyes China with Bausch deal". The Globe and Mail. Toronto. Retrieved May 29, 2013.
  4. ^ "Valeant Sets Incoming CEO Joe Papa's Pay at $67.4 Million". Bloomberg. April 27, 2016. Retrieved October 29, 2017 – via www.bloomberg.com.
  5. ^ "Valeant Pharmaceuticals' Business Model: the Repercussions for Patients and the Health Care System", United States Senate Special Committee on Aging, April 27, 2016, retrieved April 29, 2016
  6. ^ "Valeant's former boss Michael Pearson is suing the pharma for not paying him 3 million shares promised when he left". March 28, 2017. Retrieved December 31, 2019 – via business.financialpost.com.
  7. ^ "Ex-Valeant CEO must arbitrate case over unpaid stock: U.S. judge". Reuters. December 21, 2017. Retrieved December 31, 2019 – via www.reuters.com.