COVID Stimulus Watch Individual Entry

Recipient Company:

AMGEN INC

Loan or Loan Guarantee Amount:

$3,853,153

Recipient Details

Ownership Structure: publicly traded (ticker symbol AMGN)

Award Date: Jul 10, 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: Amgen

Headquartered in: California

Parent Sector: pharmaceuticals

Parent Industry: pharmaceuticals

Employees (prior to pandemic): 23,000

Employment-related Penalties: $3,073,701

Government-contracting-related Penalties: $60,650,000

Environmental / Healthcare / Safety Penalties: $833,005,400

Ratio of CEO Pay to that of Median Worker: 150 to 1

CEO Compensation: $19,612,793

Worker Median Pay: $130,904

Total Federal, State, and Local Subsidies: $28,046,750

Federal Corporate Income Tax Rate: 26.2%