COVID Stimulus Watch Individual Entry

Recipient Company:

AbbVie Inc

Loan or Loan Guarantee Amount:

$3,382,350

Recipient Details

Ownership Structure: publicly traded (ticker symbol ABBV)

Award Date: Sep 8, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: AbbVie

Headquartered in: Illinois

Parent Sector: pharmaceuticals

Parent Industry: pharmaceuticals

Employees (prior to pandemic): 30,000

Employment-related Penalties: $4,000,000

Government-contracting-related Penalties: $476,385,510

Environmental / Healthcare / Safety Penalties: $2,714,147,503

Consumer Protection / Financial / Competition-related Penalties: $80,500,000

Ratio of CEO Pay to that of Median Worker: 139 to 1

CEO Compensation: $21,610,598

Worker Median Pay: $155,885

Total Federal, State, and Local Subsidies: $84,083,107